Why is British Steel in trouble and who owns it?
The UK government is poised to take control of a major British Steel plant in Scunthorpe, which is at risk of imminent closure.
MPs have been called back from their Easter break to pass an emergency law which would keep the Chinese-owned site operating.
British Steel’s plant in Scunthorpe, Lincolnshire, employs 2,700 people, about three-quarters of the company’s entire workforce.
It is the last plant in the UK capable of producing virgin steel, which is used in major construction projects like new buildings and railways.
Two huge blast furnaces are used to produce the steel, which has fewer imperfections than the recycled steel made elsewhere in the country.
Source: BBC | Language: English