Boost to British Steel as Turkey places high-speed rail order

‘Eight-figure agreement’ made to supply new line between Ankara and İzmir – but questions over plant’s future remain

British Steel has secured an order worth tens of millions of pounds to supply rail for a high-speed electric railway in Turkey, amid continuing uncertainty over the long-term future of the government-controlled steelworks in Scunthorpe.

The site will supply 36,000 tonnes of rail to ERG International Group, the company announced, in what it called an “eight-figure agreement”.

Continue reading...

UK trade secretary to seek exemption from US steel and aluminium tariffs

Trump announced on Friday night that he planned to double rates on imported steel, piling more pressure on the industry

The UK’s trade secretary, Jonathan Reynolds, will meet his US counterpart next week to thrash out a timeline for exempting the UK from US steel and aluminium tariffs after Donald Trump announced he would double them.

British officials are seeking clarity on the implications of Trump’s announcement on Friday night that he planned to double the tariffs from 25% to 50% from Wedneday 4 June, piling further pressure on global steel trade.

Continue reading...

Ministers said to be considering bill to wipe out British Steel’s debts

Chinese owner owed almost £1bn as government weighs up how best to attract buyer for Scunthorpe works

Ministers are reportedly considering legislation to relieve British Steel of debts that have risen to nearly £1bn, as the government considers how best to prepare the Scunthorpe steelworks for sale.

The government took control of the business last month after it said its Chinese owner, Jingye Steel, planned to close the plant within days. The move required emergency legislation that was passed in a historic recall of parliament.

Continue reading...

British Steel halts redundancy plans after government rescue

Union welcomes announcement company is closing consultation on laying off up to 2,700 Scunthorpe workers

British Steel will not continue with a consultation on making up to 2,700 steelworkers at its Scunthorpe plant redundant, after the government took control of the firm earlier this month.

The Chinese company Jingye, which promised a “new chapter” when it bought British Steel in 2020, last month proposed closing Scunthorpe’s two blast furnaces, putting the roles under threat and ending Britain’s ability to produce steel from scratch.

Continue reading...

China accuses UK politicians of ‘arrogance’ in British Steel row

Embassy criticises ‘slandering’ of Chinese government and defends Jingye over furnaces dispute

China has accused UK politicians of “arrogance, ignorance and a twisted mindset” as it defended British Steel’s owner, Jingye, after a barrage of criticism over the narrowly averted shutdown of its blast furnaces.

Beijing’s embassy to the UK accused unspecified British public figures of slandering China’s government and businesses, in comments published on Wednesday on its website.

Continue reading...

Senior Labour figures call for review of Chinese investment in UK infrastructure

Government’s rapprochement with Beijing may risk national security in wake of British Steel crisis, party members say

Senior Labour figures have urged the government to review Chinese investment in UK infrastructure in the wake of theBritish Steel crisis, warning that a rapprochement with Beijing could risk national security.

Government officials insisted on Monday the country remained open to funding from Chinese companies even after a dramatic weekend during which ministers wrested control of the Scunthorpe steelmaking plant from the Chinese owners, Jingye.

Continue reading...

Another UK government is doing contradictory things when it comes to China

Approach to expanding trade has been castigated for allowing Beijing to invest heavily in vital UK infrastructure

As even Donald Trump was forced to accept in scaling back his latest tariffs, China is just too big to ignore. And so it is, on a much smaller scale, that yet another UK government is doing several contradictory things at once when it comes to Beijing.

This weekend brought a particularly resonant example. On the one hand, the business secretary, Jonathan Reynolds, was hinting that British Steel’s Chinese owner, Jingye, was to blame for neglect – if not worse – over the fate of the threatened blast furnaces at Scunthorpe.

Continue reading...

UK politics: No 10 ‘confident’ on securing supplies to keep Scunthorpe furnaces burning – as it happened

PM’s spokesperson says ships carrying materials needed by the steel plant have docked in Lincolnshire

Also on the morning media round today was shadow business minister Harriett Baldwin, who endured a torrid time on Sky News while being repeatedly pressed to acknowledge any culpability for the British Steel crisis by the previous Conservative administration that sold the company to current Chinese owners Jingye in 2019.

The MP for West Worcestershire was told the appearance was “a wonderful opportunity for you here right now, with our viewers on Sky News, to say, look, it was a mistake. We understand that, and we support the government. Do you want to do that this morning?”

Well, I think that, you know, I know that it was looked at very rigorously at the time. It was welcomed by the unions. And I think we need to recognise that 2025 is very different from 2019. And we need to focus on the future of this critical national infrastructure in this industry in our country.

I think it’s always got to be a last resort. But, you know, there was a period when the government owned it, before Jingye came in, and so I think you should never have anything off the table, but I think that does need to be a last resort.

It was a deal that was welcomed by the unions and local communities at the time. So can we put that in the past and focus on the future of this critical industry.

I think there’s a general consensus. If you hear the chancellor today talking about investment in our infrastructure, she’s always looking for partnerships with private equity capital. She’s looking for your pension and my pension to be investing in some of these infrastructure.

I think there is always going to be a role for private capital in all of these organisations. And I think it means that there’s less competition in terms of financing for the schools, for the hospitals, which do require exclusive public funding.

These situations are different, which is why this interventionist UK government has an industrial strategy that matches solutions to the problems at hand.

I would contrast the speed with which they [the SNP] can take to social media and take to the airwaves to air their grievances and the speed at which they move to secure Scottish jobs.

Continue reading...

Rightwing media falsely blame Ed Miliband for UK steel crisis, experts say

Net zero and clean energy can actually help save the steel industry, experts point out

Ed Miliband and the UK’s net zero target are being falsely blamed for the UK’s steel crisis, experts have said.

On Saturday, parliament passed a law containing emergency powers to gain control of the last remaining maker of mass-produced virgin steel in England, based in Scunthrope, after its Chinese owner, Jingye, declined government support to keep the plant running over the next few weeks.

Continue reading...

British Steel to deploy emergency measures to save Scunthorpe furnaces

Firm in race against time to get key materials as business secretary says no guarantee it will get what it needs

British Steel is to deploy emergency measures in a race against time to save the blast furnaces at Scunthorpe, as the business secretary refused to guarantee the plant could get what it needed in time.

The company is understood to be looking at offers of help from more than a dozen businesses to obtain materials such as iron ore and coking coal, potentially allowing it to avoid the temporary shutdown of one of the two furnaces.

Continue reading...

Bill to save British Steel plant becomes law after king’s approval

Emergency legislation giving government power to instruct British Steel to keep plant open passed unopposed

Proposals to save British Steel’s Scunthorpe blast furnaces have been granted royal assent after an extraordinary parliament sitting on Saturday.

Emergency legislation giving the government the power to instruct British Steel to keep the plant open passed the Commons and Lords in a single day unopposed.

Continue reading...

Government scrambles to save British Steel as firm faces crisis within crisis

Union leaders have welcomed moves towards public ownership but it is not an auspicious environment for nationalisation

Blast furnaces have been making steel in Britain for 300 years, ever since they helped start the Industrial Revolution. This weekend, parliament will sit for the first Saturday in decades as it tries to keep the last two furnaces running for a bit longer.

Keir Starmer has recalled MPs to discuss emergency powers to direct steel companies, including British Steel’s Scunthorpe steelworks, to “preserve capability and ensure public safety”. The move would be short of nationalisation, but it would give the government more influence on the steel industry than at any point since Margaret Thatcher.

Continue reading...

Ministers under pressure to nationalise British Steel if crisis talks fail

Business select committee chair joins calls for Scunthorpe steelworks to be taken into public ownership

The government is under mounting pressure to nationalise British Steel if crunch talks aimed at a rescue deal fail, as the chair of the influential business and trade select committee added his voice to those calling for the Scunthorpe steelworks to be taken into public ownership.

Jingye, the Chinese owner of the company, and the UK government were not able to reach a deal on Thursday to supply the Scunthorpe plant with crucial raw materials, with talks expected to restart on Friday.

Continue reading...

Starmer rejects claim there are ‘strong arguments’ for suspending fiscal rules amid US tariffs – UK politics live

The PM doubled down on his insistence the government won’t change its fiscal rules, describing them as ‘ironclad’ and ‘non-negotiable’

One person probably more enthusiastic than most about the prospect of Universal opening a theme park in the UK is the Lib Dem leader Ed Davey. He is a great fan of outdoor activity-related photocalls, and he’s been at it again today, and the Gloucester Ski and Snowboarding Centre in Matson, Gloucestershire.

Almost 40 MPs and peers have signed a letter organised by Jeremy Corbyn calling for an independent inquiry into the government’s role in the war in Gaza.

Many people believe the government has taken decisions that have implicated officials in the gravest breaches of international law.

These charges will not go away until there is a comprehensive, public, independent inquiry with the legal power to establish the truth.

Last month, I wrote to the Prime Minister calling for an independent inquiry into the UK’s involvement in Israel’s assault on Gaza.

Today, more than 30 MPs have supported that call.

Continue reading...

British Steel could be nationalised as PM and chancellor consider ‘all options’

Whitehall sources say Starmer and Reeves aligned in seeing steel as of ‘huge strategic importance’

Keir Starmer and Rachel Reeves are actively considering nationalising British Steel in an escalation of plans first revealed in the Guardian last year.

The prime minister said all options were on the table to secure the future of the Scunthorpe plant, which is owned by the Chinese firm Jingye and employs about 3,500 people.

Defended the welfare cuts as being based on “dignity” and criticised the Office for Budget Responsibility for not taking into account possible behavioural changes of people affected by the cuts when assessing the consequences of the policy.

Said threats from foreign powers targeting people in the UK were “growing” and the issue was constantly being raised in international talks. He added: “I think we generally underestimate that threat, and it’s very important we’re alive to it.”

Stepped up his criticism of regulators, telling MPs he was “astonished” by how many there were and saying he was “frustrated” by the barriers they put up.

Called for an inquiry into the killing of 15 aid workers in Gaza and said international law “underpins everything we do bilaterally and multilaterally” when questioned about the conflict in the Middle East.

Said he would speak to the intelligence agencies and the Kyiv government after Volodymyr Zelenskyy, the Ukraine president, said two Chinese citizens had been captured fighting as part of the Russian army.

Said changes to the social care system could come as soon as next year amid a review led by Lady Louise Casey.

Continue reading...

British Steel to keep Scunthorpe blast furnaces operating past Christmas

Confirmation follows progress at talks over government support for switch to less polluting technology

The owners of British Steel are to keep the blast furnaces at its Scunthorpe site running past Christmas amid talks over government support for a switch to less polluting technology.

The government is thought to be considering aid for British Steel at the same level or even higher than the £500m pledged to Tata Steel, which closed its two blast furnaces in Port Talbot in September. However, no decisions on the shape of a package have been made.

Continue reading...

China-owned British Steel said to have requested £600m of taxpayer support

Company is looking for help from next government to upgrade to less polluting technology

Chinese-owned British Steel has reportedly submitted a request for a package of taxpayer support worth £600m as it looks for assistance from the next government to upgrade to less polluting technology.

Government officials are due to review plans that set out the costs of switching from blast furnaces to electric arc furnaces at the company’s steelworks in Scunthorpe, Lincolnshire, the Sunday Times reported.

Continue reading...

British Steel wins multimillion-pound contract for Egyptian rail project

Around 9,500 tonnes of track will be provided for north African country’s first fully electrified mainline

British Steel has won a multimillion-pound contract to supply rail for a new route in north Africa, the company has announced.

Approximately 9,500 tonnes of track, produced in Scunthorpe, will be provided for Egypt’s first fully electrified mainline and freight network which stretches from the Red Sea to the Mediterranean.

Continue reading...

British Steel owner reportedly asking for urgent financial help from government

Jingye Group understood to have told ministers that its blast furnaces are unviable without huge cash injection

The owner of British Steel, the UK’s second-biggest steel producer, is understood to be seeking an urgent package of financial support from the government.

Jingye Group, which bought the company out of insolvency just two years ago, has told ministers that its two blast furnaces are unlikely to remain feasible unless the Scunthorpe-headquartered company is granted financial aid, Sky News has reported.

Continue reading...