Attempts at the last minute to retain British steel must be performed today, as the plants can secure an supply of raw materials.
The Department of Affairs and Trade said officials are working to preserve materials including Coking Coal British steel Operational, as well as to ensure that all staff is paid.
It added that the setting of new supply chains was “decisive”, as a drop in the oven temperature “can risk irreparable damage to the site, with the steel setting and the machinery.
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British Steel: What happens next?
Enterprises including Tata – what did the Now closed Port Talbot Steelworks – and Rainham Steel offered management support and materials to the Lincolnshire yard running.
Business secretary Jonathan Reynolds said in a statement that “when I said that steel manufacturing has a future in the UK, I mean it”.
“Steel is essential for our national security and our ambitious plans for the housing, infrastructure sector and manufacturing in the UK,” he added.
“We will set up a long -term plan to invest with the private sector to ensure that steel in the UK has a bright and sustainable future.”
Trade unions said Jingye decided to cancel orders from key materials for the steelworks
Earlier this month, unions said the owner of the steelwork, the Chinese company Jingye, Decided to cancel future orders For the iron ore, coal and other raw materials needed to keep the ovens going.
This meant that by May the Scunthorpe plant was on track to close, it caused urgent calls to government interference.
Emergency legislation was Passed Saturday Brought the steel works in effective government control, and officials were on the site as soon as the new legislation came into effect.
However, the business secretary warned that this did not mean that the plant would be guaranteed.
Appears on Sky News’ Sunday morning with Trevor PhillipsMr. Reynolds also said he would not bring a Chinese company into the ‘sensitive’ steel sector again.
“I don’t know … The Boris Johnson government when they did, what exactly the situation was,” he added. “But I think it’s a sensitive area.”
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‘I wouldn’t bring a Chinese business into our steel sector’
Jingye came in 2020, when Mr. Johnson Prime Minister was arrived in the British steel scunthorpe plant to buy British Steel’s Scunthorpe plant.
The minister added that the steel industry (special measures) Bill did not stop the full nationalization of British steel, “to be honest, as I told Parliament yesterday, this is perhaps the likely option.”
The conservatives accused the government of acting “too late” and implementing a “baked nationalization” after ignoring warnings about the risk of the steel works.
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Andrew Griffith, secretary of the shadows, said: ‘The labor government has landed themselves in a steel crisis completely of their own cultivation.
“They made poor decisions and the unions allowed their actions.”
