The British government faces pressure to nationalize British Steel as the Chinese owner Jingye threatens closure of Scunthorpe's blast furnaces, risking thousands of jobs. UK Steel warns that this closure would lead to reliance on foreign steel supplies, severely impacting critical sectors such as transport and construction. UK Steel director general Gareth Stace emphasizes the closure's detrimental effects on the economy, noting it’s a critical juncture for steelmaking in the UK. The Community union urges recognition of British Steel's strategic significance amid fears of the UK becoming the only G7 country without domestic virgin steel production.
The proposal to close iron and steelmaking at Scunthorpe marks a heartbreaking and pivotal moment for our sector. It is a shocking blow to the 3,400 workers, our sector and to the whole community in Scunthorpe.
There is now a serious risk that the UK will become the only G7 country unable to produce its own virgin steel. This would be a totally unacceptable situation at any time.
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