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Emergency law passed to force loss-making steel companies to keep operating (www.theguardian.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 2 weeks ago

The recall of parliament from its Easter recess, only the sixth Saturday sitting since the second world war, was ordered after negotiations with British Steel’s Chinese owners, Jingye, appeared to break down.

Opening Saturday’s debate, Reynolds said the government had been in talks with Jingye since it came to power last July and had offered “substantial” support. Most recently, Labour had offered to purchase the necessary raw materials for the blast furnaces, the last primary virgin steel-making facilities in the UK, but this had been met with a counter offer from Jingye demanding “an excessive amount” of support.

Reynolds continued: “Over the last few days, it became clear that the intention of Jingye was to refuse to purchase sufficient raw material to keep the blast furnaces running; in fact, their intention was to cancel and refuse to pay for existing orders. The company would therefore have irrevocably and unilaterally closed down primary steelmaking at British Steel.

So they were trying to shut down a critical piece of steel production for the UK, no doubt to then try and get us to purchase steel from China instead. Can see the seriousness of the situation in regards to recalling parliament to renationalise the plant.