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The Latest Breaking News from Jingye

Almost £100 million spent on British Steel nationalisation so far, minister says

Jonathan Reynolds said the £94 million spent on the Scunthorpe site is ‘considerably less’ than allowing its collapse.

Evening Standard

Anti-China rhetoric over British Steel is absurd, says country’s embassy

A spokesperson for the embassy said individual UK politicians have shown ‘arrogance, ignorance and twisted mindset’.

Evening Standard

Another UK government is doing contradictory things when it comes to China

Approach to expanding trade has been castigated for allowing Beijing to invest heavily in vital UK infrastructure

The Guardian - UK

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British Steel staff and civil servants race to keep Scunthorpe blast furnaces on

Officials from the Department for Business and Trade are already on site in Scunthorpe after the Government took over the running of British Steel.

The Independent UK

British Steel to deploy emergency measures to save Scunthorpe furnaces

Firm in race against time to get key materials as business secretary says no guarantee it will get what it needs

The Guardian - UK

The steel crisis has made the UK business secretary look like an innocent abroad

Who thought the Chinese government had anything but Britain’s interests at heart? Everyone but Jonathan Reynolds

The Guardian - UK

Thousands of jobs at risk as British Steel threatens closure of blast furnaces

A consultation has been launched on closing blast furnaces at Scunthorpe steelworks

Evening Standard

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Government urges British Steel to continue talks amid fears for hundreds of jobs

Business minister Nusrat Ghani said a generous package of support is still available for the steel works.

The Independent UK

British Steel chief executive opens up on the need for government support

Short-term operations and long term clean technology transition flagged in dual ask as formal talks continue against backdrop of jobs fears

Birmingham Post

British Steel owner reportedly asking for urgent financial help from government

Jingye Group understood to have told ministers that its blast furnaces are unviable without huge cash injection

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