U.K. government takes over British Steel control from Chinese owner

Rescue approval comes after Jingye said Scunthorpe plant is losing $910,000 a day

20250413 British Steel plant in Scunthorpe

This screen grab from PA video shows a view of the British Steel plant in Lincolnshire, April 12. (Photo by Jamie Lashmar/PA via AP)

LONDON (AP) -- The U.K. government took effective control Saturday of Britain's last remaining factory that makes steel from scratch from its Chinese owners, after lawmakers approved an emergency rescue.

Prime Minister Keir Starmer summoned lawmakers for the unusual Saturday sitting, only the sixth since World War II, to back a bill primarily aimed at blocking British Steel's Chinese owners, Jingye Group, from closing the two massive blast furnaces at its Scunthorpe plant in the north of England that are key in the steelmaking process.

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