Tag: Jingye Group

Parliament Recalled for Emergency Session to Save British Steel Amid Crisis

The UK government has called an extraordinary session of Parliament to pass laws to safeguard British Steel from its current Chinese owner, Jingye Group. This emergency move is driven by concerns over national security and the future of the steel industry, which faces closure due to financial strains and U.S. tariffs. The legislation aims to secure operations and jobs at the Scunthorpe plant, the country's last primary steel producer.