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The Latest Breaking News from Jingye

British Steel’s Chinese owners weigh attempt to recover millions in debts

Jingye Group thought to have engaged PwC as advisers after government took over UK company’s operations

The Guardian - UK

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

The Guardian - UK

Continuing to seek Chinese investment in the UK comes at a heavy political price

One major consequence of the UK government’s resistance to rejoining the European single market is that it is forced to go around the world seeking trade deals and investment.

The Conversation

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Fact check: US trade deal and Indian air strikes

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

British Steel to hire more staff weeks after government rescue

Open roles include engineers and manufacturing operators as firm prepares to ramp up production

The Guardian - UK

Coal delivery arrives to keep Scunthorpe steel plant working for months

Government hails safeguarding of jobs as 55,000-tonne load and other imminent supplies mean blast furnaces have fuel

The Guardian - UK

‘Sigh of relief’ as British Steel shipments bring lifeline to industry on the brink

It comes after ministers used emergency powers to take control of British Steel after what was thought to be a Chinese plot to sabotage the plant

The Independent UK

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British Steel halts redundancy plans after government rescue

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

The Guardian - UK

British Steel halts plans for thousands of job losses after government intervention

Chinese firm Jingye proposed to close Scunthorpe's two blast furnaces last month

The Independent UK

British Steel must now join the modern economy, not be a prisoner of the old

Lack of investment and vision has dogged UK industry, while China has literally forged ahead

The Guardian - UK

Cutting business ties with China would be ‘foolish’, Reeves says amid reports of US pressure

Chancellor supports economic ties with Beijing as she prepares to fly to US next week for trade deal talks

The Guardian - UK

Digested week: The house feels less than a house without Herbert Hound

We took him for one last walk – more of a slow dawdle – before the final moment in our uncomplicated relationship

The Guardian - UK

British Steel on a razor’s edge: inside Starmer’s Scunthorpe rescue mission

There were suspicions, legal wheezes and a plan to divert a ship to Gibraltar to seize cargo, as ministers’ anxieties rose

The Guardian - UK

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

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

The Guardian - UK

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The Guardian - UK

UK trade secretary to visit China with aim of reviving key joint trade commission

Jonathan Reynold’s trip suggests government will continue its rapprochement with Beijing despite security concerns

The Guardian - UK

UK government refuses to rule out redundancies at Scunthorpe steelworks

Business secretary says plant may need ‘different employment footprint’ after government takeover of site

The Conversation

What caused the crisis at British Steel?

The two blast furnaces at British Steel’s Scunthorpe plant in England are the last of their kind in the UK. The UK steel industry was once a world leader, powering the industrial revolution. But these days it is in crisis.

Evening Standard

Reynolds says job changes may be needed to ensure Scunthorpe steel plant future

The Business Secretary said new technology and facilities may be part of a long-term viable future.

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Evening Standard

Reynolds says Chinese firms would be viewed ‘in different way’ over steel bids

But the Business Secretary added that the dispute over the North Lincolnshire site was because of ‘one specific company’.

Evening Standard

Supplies arrive in UK as Government rushes to save British Steel Scunthorpe site

Ministers have taken control to ensure supplies such as coking coal and iron ore reach the site after talks with its Chinese owner broke down.

The Independent UK

Raw materials to keep British Steel plant operating reach the UK

The U_K_ government says that it has bought enough raw materials to keep Britain’s last steelmaking blast furnaces operating for the “coming weeks.”

The Independent UK

China issues warning over British Steel row

IN FULL

Evening Standard

Coking coal to keep British Steel Scunthorpe furnaces burning being unloaded in docks in race against time

Industry minister Sarah Jones confirmed the shipment had been paid for and the rescue mission was being stepped up on Tuesday

The Independent UK

Supplies to be sent to Scunthorpe steel plant to keep blast furnaces burning

The Government has taken control of British Steel and are facing a race against time to get material such as coking coal and iron ore to the site.

The Independent UK

Race to keep British Steel plant alive fuels China trade row

Beijing warns Britain to treat its firms fairly risk future investment

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