Published on December 30, 2024 at 7:01 p.m.
3 mins. reading
The talks have been going on for several weeks. British Trade Minister Jonathan Reynolds is engaged in a tense negotiation with the Chinese Jingye group, owner of British Steel, which operates the country’s last steelworks. The company based in Hebei province is calling for more public funding to carry out renovation work ahead of the closure of its blast furnaces in Scunthorpe, Lincolnshire. The deadline, initially set for December 31, was recently extended to the end of January.
The closure of this site will end 175 years of steel production in the UK, making the country the only G20 state that can no longer produce virgin steel. It will also lead to the loss of 2,500 jobs. It comes a few months after the closure of the steelworks at Port Talbot, in Wales, by the Indian Tata Steel, which had already put 1,900 workers out of work.
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