double-skinned crabsgood crabexellent crabVietnamese crab exporter

UK Gov’t Buys Raw Materials to Keep Chinese-Owned British Steel’s Blast Furnaces Running

Associated Press
April 15, 2025 | 10:53 pm
SHARE
The British Steel works in Scunthorpe, North Lincolnshire, Saturday, April 12, 2025. (Peter Byrne/PA via AP)
The British Steel works in Scunthorpe, North Lincolnshire, Saturday, April 12, 2025. (Peter Byrne/PA via AP)

London. The UK government said Tuesday that it had bought enough raw materials to keep Britain’s last steelmaking blast furnaces operating for the “coming weeks.”

The announcement came amid fears that the government’s decision to wrest control of British Steel from its Chinese owners would deepen tensions between the UK and China. The Chinese Foreign Ministry on Monday warned against “politicizing” the issue as British officials raised concerns about Chinese investment in strategic industries.

The issue has dominated British politics since Saturday when Prime Minister Keir Starmer recalled lawmakers from their spring recess so Parliament could pass emergency legislation allowing the government to take operational control of British Steel.

That move was spurred by reports that the company’s owners, China’s Jingye Group, were trying to shut down steelmaking operations in Scunthorpe, northern England, by starving the plant of the iron ore and coking coal needed to keep the blast furnaces operating. That raised the prospect that Britain would lose its last plant capable of making high-quality steel from scratch because once blast furnaces are shut down it is difficult and expensive to restart them.

ADVERTISEMENT
UK Gov’t Buys Raw Materials to Keep Chinese-Owned British Steel’s Blast Furnaces Running
Britain\'s Business, Energy and Industrial Strategy Secretary Jonathan Reynolds, second from left, observes as coking coal is unloaded at Immingham Port, at Immingham Port, northern England, Tuesday, April 15, 2025. (Darren Staples/Pool Photo via AP)

The Department for Business and Trade said shipments of the raw materials that had been waiting at the port of Immingham will be unloaded on Tuesday after the government agreed to pay for them. A separate shipment is on the way from Australia after the government resolved a legal dispute with Jingye.

“After intensive work over the weekend, the government has secured coke and iron ore pellets for the blast furnaces and is confident there will be enough materials to keep the furnaces burning,” the department said in a statement.

While Jingye remains the owner of British Steel, the government has said temporary nationalization is likely as it looks for other investors to rescue the company.

A spokesman for China’s Foreign Ministry on Monday warned Britain to treat Jingye fairly and avoid “politicizing and over-securitizing” the issue, “so as not to affect the confidence of Chinese enterprises in investing and cooperating in the UK.”

Tags: Keywords:
SHARE

Related Articles


Business May 13, 2026 | 10:34 am

Indonesia Still Imports 55% of Steel Demand as Industry Faces Cheap Foreign Supply

Indonesia’s steel industry says cheap imports are squeezing local producers and keeping factory utilization far below healthy levels.

The Latest


Business 1 hours ago

China, Indonesia Are ‘Very Open’ After Investors' Complaints

Chinese investors recently complained about Indonesia's investment climate.
News 2 hours ago

Japan and Sweden Play to 1-1 Draw as Both Advance to Knockout Round 

The Japanese team finished second in Group F behind the Netherlands and will play Brazil in Houston on Monday.
Business 2 hours ago

Indonesia Keeps MSCI EM Status, but Isn't Out of the Woods Yet 

Indonesia retained its status as an MSCI Emerging Market but investors remain concerned about market transparency.
News 2 hours ago

Jokowi Launches Nationwide Political Tour Wearing Son’s PSI Party Uniform

Jokowi has begun his first nationwide political tour since leaving office, openly wearing the uniform of the party led by his youngest son.
Business 4 hours ago

JCI Rebounds Above 6,000 as Lower Oil Prices Lift Sentiment

JCI rebounded above 6,000 as lower oil prices and a stronger rupiah lifted sentiment despite renewed higher-for-longer Fed concerns.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED