British Government Takes Control of Countrys Last Major Steel Mill

The British government moved swiftly on Saturday to take control of operations at the country’s last large crude steel producing facility, in what appeared to be a major step toward nationalizing the plant.In an unusual and dramatic move, the government had summoned lawmakers back from vacation on Saturday to approve the government’s emergency legislation.The government said it was acting to prevent the owners of the British Steel complex in Scunthorpe, a Chinese company called Jingye, from taking steps unilaterally to close the blast furnaces, potentially costing 2,700 jobs.“Steel is fundamental to Britain’s industrial strength, to our security and to our identity as a primary global power,” Jonathan Reynolds, the business and trade secretary, told Parliament on Saturday in introducing the legislation.Despite the interest in preserving steel making now, it has long been in decline in Britain.

Crude steel output has fallen by about 50 percent over the last decade, according to UK Steel, a trade group.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe....