British steel “saved”. Parliament agreed to the nationalization of British Steel

Both chambers of the British parliament supported the government's proposal on Saturday regarding the state taking control over British Steel. MPs gathered at an extraordinary meeting to prevent the owner of the company, the Chinese Jingye group, and to terminate the last two metallurgical furnaces in the country.

Thanks to the adoption of the Act, the British government wants to protect against closing the steelworks in Scunthorpe in the north of England, in which 2.7 thousand work. people. This is the last plant that smelts the iron ore steel. According to the media, the Keira Starmer government is considering the nationalization of British Steel.

MPs gathered after the government appealed for an extraordinary meeting on Friday. Until April 22, the British parliament has an Easter break.

“The future of British Steel will be at stake; there will be jobs, investments, growth, our economic and national security,” said Prime Minister Starmer on Friday.

Reuters pointed out that British deputies were called during breaks only in exceptional situations, for example in 2021, when the extraordinary deliberations concerned the withdrawal of troops from Afghanistan.

British Steel, which is owned by the Chinese Jingye group, warned that she could be forced to turn off two large furnaces, because their activities are unprofitable. The group justified this by the situation on the market, including customs and costs related to adapting to environmental protection regulations.

The AP agency emphasized that The 25 % duties on steel and aluminum have become an additional blow to British Steel financial prospectsintroduced in March by the US President Donald Trump.

The trade unions with satisfaction accepted the decision to convene the parliament 'meeting regarding the saving of the steelworks and expressed the hope that the government would take control of the plant. The United Kingdom in the past was one of the leading Stal producers in the world, and after World War II, over 300,000 worked in the British steel industry. people. Currently, this sector is responsible for only 0.1 percent. the country's economies and gives a job about 40,000 people – AP agency said. (PAP)

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