Government stepped in to take control of struggling company but is keen to attract private sector investment
Jingye makes first comments after ministers seized control of struggling company
From the outset there were doubts that Jingye Group could turn round the business where so many others had failed
The future is not in the Scunthorpe blast furnaces that ministers have rescued
Ministers have intervened to keep the country’s last two blast furnaces open — for now
Making the metal at home is a trade-off that seems more appealing when global trust in commerce is scarce
China warns against politicising crisis at Scunthorpe plant after ministers step in to take control
Officials work to ensure shipments arrive quickly after emergency government intervention
Government now has tricky task of running a costly and complex industrial operation
MPs vote in favour of bill giving the government powers to seize control of British Steel
Prime minister announces recall of parliament as government races to prevent closure of UK’s last two blast furnaces
Offer comes as Chinese-owned steelmaker prepares to idle one of its two blast furnaces at Scunthorpe
Starmer vows to do ‘everything we can to ensure there’s a bright future’ for steelmaker’s main site in Scunthorpe
Currently identified resources are forecast to be used up by the 2080s
Company had £736mn of debt at end of 2023, much of it from entities controlled by its Chinese parent Jingye
3D Investment Partners’ claim comes as steelmaker tries to push ahead with $15bn takeover of US Steel
Jingye rejected £500mn government offer and could close its two blast furnaces as early as June
Chinese-owned group will start consultation on cutting roles, it told workers on Thursday
Move triggers fears about job losses at company’s flagship Scunthorpe site
CEO Richard Holtum says minerals processing industry should be considered ‘a national security issue’
Investigation likely to recommend higher levies to protect European industry
Measures designed to protect the struggling US industry could also help a cohort of global producers
U-turn comes after province of Ontario removes surcharge for power exports to the US but 25% levies to still take effect
Fees charged to transform ore have fallen to all-time lows as Glencore halts operations at Philippines plant
Decision to wind down free emission allowances is an ‘earthquake moment’ for producers
