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UK WILL PASS EMERGENCY LAWS TO TAKE CONTROL OF BRITISH STEEL

  • NEWS Desk Global
  • Apr 11
  • 1 min read



Britain will pass emergency laws on Saturday to keep British Steel's blast furnaces open, aiming to save the country's steel-making capability and thousands of jobs.

British Steel, owned by China's Jingye Group, employs 3,500 people at its Scunthorpe plant and supports more in the supply chain. It intended to immediately close the blast furnaces, which are losing 700,000 pounds ($914,760) a day, the government said.

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