The Latest Breaking News from British Steel

Lisa Nandy says commercial solution achievable amid fears plant running out of options to secure raw materials

The British government is refusing to rule out nationalizing the last plant in the U.K. that makes steel from raw materials as the global trade war increases pressure to preserve the nation’s ability to supply domestic industry with the steel it needs

In today’s newsletter: ​Four weeks into the dispute, with the council declaring a major incident, the streets are overflowing with rubbish and rats

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

The Prime Minister’s call for a calm approach to US tariffs came as a sense of optimism returned to the financial markets.

Stock markets in Asia, Europe and America are all in the green on Tuesday after several days of dramatic drops

Sir Keir Starmer said he understood the importance of the Scunthorpe steel plant as he was quizzed by senior MPs at the Commons Liaison Committee.

Industry minister Sarah Jones hosted a meeting of the Steel Council attended by the bosses of Tata, Liberty and British Steel and trade union leaders.

Conservative MP Martin Vickers led calls in the Commons for the British Steel site to be nationalised on a temporary basis.

Business owners say they are already struggling and furnace closures would make trading worse, but some residents say it’s time to move on

The company said challenging trading conditions impacted its profitability in 2023, in its latest annual results published on Monday.