Race to save British Steel factory after Chinese firm’s ‘sabotage’
Stay up to date with notifications from The Independent
Notifications can be managed in browser preferences.
British Steel factory in danger after Chinese firm’s ‘sabotage’
- British Steel's Scunthorpe plant, the UK's last primary steelmaking facility, faces closure after alleged sabotage by its Chinese owner, Jingye.
- The government took control of British Steel to prevent the shutdown and secure essential raw materials for the blast furnaces.
- Officials believe Jingye intentionally depleted raw materials to make the UK reliant on Chinese steel imports.
- Dozens of businesses have offered support, and the government is working to keep the furnaces operational and find a private investor.
- While nationalisation is a possibility, the government aims to co-invest with the private sector for a sustainable future for UK steelmaking.