Amid strong tensions in Europe, hybrid war with Moscow and in Ukraine, the British government decided that it should continue to produce virgin steel in the kingdom. On an epic Saturday and under the threat of sabotage of the plant for its Chinese owners, it summoned Parliament in an extraordinary session this weekend. In a single day and with the signature of King Carlos III, British Steel stopped belonging to a Chinese group and was nationalized British. The United Kingdom Government has taken the effective control of British Steel to maintain their high ovens To meet on Saturday after negotiations with Jingye, the Chinese owner of British Steel, seem to fail. They accuse the company of Mala Feel Secretary of Commerce, Jonathan Reynolds, accused the company of not negotiating “in good faith”, after deciding to stop buying enough raw materials to keep the high senses of Scuntorpe.con 3,500 jobs at stake British rushed to boost legislation on Saturday to allow the State to temporarily assume operational control. The chief executive was announced on Monday after employees prohibited access to Chinese owners on Saturday, who sought to empty the plant. Vista generates British Steel ovens. Photo: Reuterslas proposals to save the high furnaces of British Steel in Scunthorpe, received the real sanction on Saturday. In a British Steel marathon session and its employees had been saved. The United Kingdom Government has taken control of the British Steel plant in Scunthorpe, Lincolnshire, to avoid its closure. A race to achieve raw materials, which prevent the closure of the high ovens of the plant. Finally they found the materials in a port on Monday, with the intervention of the Royal Marines to prevent it from selling to a third party. A strategic plant the last floor of the United Kingdom that produces virgin steel, used in large construction projects such as buildings, railways and in the aeronautics. It presents less imperfections than the recycled steel that is manufactured in other parts of the country. If the plant would stop producing virgin steel, the United Kingdom would be the only member of the G7 of the main economies without the capacity to produce it. The Government considers this a risk to the economic security of the United Kingdom. British Steel should be the alert signal that forces the ministers to withdraw Chinese companies of critical infrastructure in the kingdom. In 2020, British Steel was sold to the Chinese steel company China Jingye. Photo: Reute the government was forced to take direct control of the company in the face of the concern that its owners, based in Beijing, did not keep the Scunthorpe plant into operation. There is alarm in Britain for Chinese participation in other areas of critical infrastructure, such as nuclear power plants or airport Luke of Pulford, executive director of the Interparliamentary Alliance on China. The spokesman of the China Ministry of Foreign Affairs declared on Monday: “The British government is expected force it to depend on the imports of China. The measures included refusing to ask for new raw materials, selling what had and rejecting the offers of the ministers to help stop losses in the Scunthorpe plant. “They are building a new steel production plant in China and intended to use it to supply the British market. In fact, this was an attempt of what I think it could be described as industrial sabotage.” British Steel, now under the direct control of Reynolds, is exploring the possibility of reversing the decision of Jingye managers to carry out a process, which could turn off one of the two high oveins in the two high ove Scunthorpe. Why British Steel is Chinese owned? In 2016, Tata Steel, from the Indian Mittal family, sold the deficit part of his business, dedicated to the manufacture of long products, such as transport rails and steel profiles for construction. The private investment firm Graybull Capital was acquired by 1 pound and renamed the company as British Steel. However, after the financial collapse of 2019, British Steel was absorbed by the government’s insolvency service. The following year, it was sold to the Chinese steel company Jingye. His history is that of the kingdom, with pro and anti-privatization governments. But Saturday’s nationalization was “for national interest” and unanimous. However, the conservatives said that the government should have acted before. Therefore, the company would have irrevocably and unilaterally closed the primary steel production in British Steel. The bill of the steel industry, published on Saturday, gives the government the power to order the steel companies of England that keep the facilities open, with criminal sanctions for executives in case of non -compliance. “measure provided and necessary.” He added that he wanted it to be a “temporary position” with powers that would not last “or more than necessary.” Let’s recognize. ”The emergency legislation on Saturday does not come to nationalize completely British Steel. Ministers keep the hope of getting private investment to save the plant. However, there is no private company willing to invest in British Steel.
