UK Seizes Chinese-Owned British Steel Plant to Prevent Closure
Following the royal assent of new legislation, the UK government has assumed control of British Steel’s Scunthorpe operations to safeguard thousands of jobs and secure the industry’s future. Prime Minister Starmer affirmed the government’s commitment to revitalizing British steel production, emphasizing its vital role in national infrastructure projects. Tensions had reportedly escalated between Jingye executives and workers prior to the government intervention, culminating in a police visit to the site following a suspected breach of the peace. The takeover follows a rally by steelworkers and their families expressing their desire to preserve their jobs and the steel industry.
John Q. Hosedrinker