The government plans to nationalize British steel as fears increase among the ministers who There are only days left to secure raw materials for the company’s high stoves in Scanthorpe.
Chancellor Rachel Reeves sought to reassure workers from the Lincolnshire factory that the government would consider nationalization if necessary.
Reeves spoke with unions during the weekend to explain the government’s prospects on the future of steelworks. It is understood that she told them that she was perfectly aware of the strategic importance of the steel industry for the United Kingdom.
US President Donald Trump raised a 25% rate on American steel imports.
British Steel said that his two SCUTHORPE BALL HEAPS are “more financially sustainable” and that it is feared than without supporting the government, that 2,700 jobs can be lost.
The company belongs to the Chinese company Jingye since 2020.
Jingye says he has invested more than 1.2 billion pounds sterling in British Steel to maintain the operations and complaints that she suffered financial loss of around £ 700,000 per day.
Tuesday taking the questions of deputies from the Liaison’s Liaison Committee, the Prime Minister reiterated “all the options remain on the table” with regard to the potential support of the government.
“I am absolutely attached to steel production in this country,” he said.
He refused to provide more details, but added: “I can reassure the committee that we do everything we can to make sure that there is a brilliant future for Scantinpe.”
The government has offered 500 million pounds in support to partially finance a passage from the stove highs to what is known as the electric arc overa.
But that was rejected by the company.
Whitehall’s senior figures are concerned that negotiations are reaching a crisis point this week, when an order of fresh raw materials must be placed in order to maintain the high stoves.
If they are deactivated, this would make the existing vulnerability of the site even more perilous.
The political backdrop to the arguments concerning the future of the factory is the race to be the first Mayor’s first mayor of Lincolnshire. The election is May 1.
The head of the reform of the United Kingdom Nigel Farage and his assistant Richard Tice – himself a Lincolnshire deputy – visited the work on Tuesday, with Mr. Farage claiming that “3 days were to save British steel” and the means of doing so was to do so “on public property”.
The conservative deputy for Brigg and Immingham nearby, Martin Vickers, told the municipalities on Monday: “It is very obvious that Jingye canceled the orders of raw materials which are essential for the outbursts; these orders had in mid-May.
“When I was in the steps on Friday, I was told that less than another order of iron ore meat can be placed this week, it would be too late.”
Vickers added that “nationalization on a temporary basis” would provide the opportunity to rebuild the industry, hopefully, the hope of obtaining a new involvement in the private sector and convincing customers – notably Network Rail, which obtains 95% of its railroad track of SCUTHORPE work – this offer will continue. “
The conservative forehead has not committed the party to support nationalization.
The party leader, Kemi Badenoch, said that “nationalization must be a last resort”, adding “we need steel production in this country, he is important for national resilience”.
In a written statement published on Tuesday, the Minister of Affairs Sarah Jones said: “Our priority is to respect workers, to save jobs and to support steel.
“We have been clear that the best way to follow is that British Steel continues as a business managed in trade with private investments and the government acting in support.
“We call British Steel to accept our generous financial support offer and the associated conditions.
“However, no option is out of table. The government remains resolved in our desire to guarantee a long -term future for scuthorpe steelworks, to keep the production of steel and to put an end to the years of uncertainty.”
The Liberals-Democrats, the Green Party and an independent candidate also dispute the mayor of Lincolnshire.
You can see a full list of candidates here.
