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International Business Times
International Business Times
Business

UK Govt Races Against Time To Keep Steel Furnaces Running

United Kingdom British Steel James Murray Jonathan Reynolds Jingye Britain
The UK government is racing against time to keep the blast furnaces running at a British Steel plant they have now taken control of (Credit: AFP)

Britain's government on Monday raced to secure raw materials to keep the country's last steelmaking blast furnaces running after passing emergency legislation to take control of British Steel.

Prime Minister Keir Starmer's government swooped in on Saturday to prevent the closure of British Steel's main plant in northern Scunthorpe after its Chinese owners Jingye halted orders of raw materials such as coking coal and iron ore.

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