UK government take emergency control of British Steel
UK government take emergency control of British Steel
The Chinese-owned steel company is the last maker of virgin steel from iron ore, coke and other inputs in the UK. The emrgency bill passed the House of Commons and the House of Lords on Saturday.
Members of parliament in the United Kingdom approved on Saturday plans to take emergency control of British Steel's blast furnaces.
The decision to save the steel plant in the industrial town of Scunthorpe followed an emergency parliamentary session.
Keir Starmer's government recalled lawmakers, who had been on Easter recess, to pass a law in the House of Commons which allows Business Secretary Jonathan Reynolds to direct the company's board and workforce, ensure they get paid, and order the raw materials to keep the blast furnace running.