Government races to secure materials for British Steel's Scunthorpe plant

British Steel's Scunthorpe plant is facing potential closure as the UK government races to secure essential raw materials to keep its blast furnaces operational. An emergency law recently passed gives the government control over the site, previously owned by Jingye, which has been selling off necessary resources. Business Secretary Jonathan Reynolds emphasized that maintaining steel production in the UK is critical, with officials working diligently to ensure the delivery of coking coal and iron ore. The urgency is heightened as blast furnaces can incur permanent damage if temperatures drop too low. Several steel producers have offered to supply materials, while government officials remain optimistic about securing the needed shipments. The plant employs around 2,700 people and is the last remaining site in the UK capable of producing virgin steel.