UK Government Secures Raw Materials to Save British Steel Jobs

The UK government, led by Business Secretary Jonathan Reynolds, has taken decisive steps to secure the future of British Steel by ensuring a timely supply of crucial raw materials, including iron ore and coking coal. These materials, recently arrived from the US, will keep the blast furnaces operational for the coming weeks, while a separate shipment from Australia is also on the way, resolving a previous legal dispute. New legislation grants the government unprecedented powers to direct British Steel's operations and safeguard 37,000 jobs in related supply chains. Reynolds emphasized the importance of these actions in supporting UK industry and infrastructure growth. The government's intervention aims to prevent the potential cooling and failure of the blast furnaces, which could have disastrous consequences for production capabilities. With increasing demand for UK-manufactured steel, the government is committed to acting in the interest of workers and the industry.