China has warned the uk government to treat the chinese owners of British steel fairly or risk undermining investor confidence in the counte
China’s Foreign Ministry Made The Comment on Monday as Government -Pointed Manners Raced to Prevent british steel from shutting down the last two Blast furnaces in broitain From Raw Materials.
Parliament on Saturday Passed Legislation Authorizing The Government to take control of the company and its scunthorpe steelworks from jingye groups, which have Owned British Steel Since 2020. The company but british authorities have taken control of day-to-day operations.
“We hope the british government treates Chinese Enterprises and operating in the UK Fairly and Justly, Protects their legitimate rights and interesting, and avoids politics, politics and 100- SECuritizing Trade cooperation, so as not to affect the confidence of chinese enterprises in investment and cooperating in the uk, ”Foreign ministry spokeperson lin jian said during the weekly pressly press
The UK Government on Monday Installed a New Executive Team at British Steel with the AIM of ENSURING “Consistent and Professional Leadership” of the scunthorpe work in Northeastern England, British Steel SIDEL SIDENGLAND in A Statement.
Two longtime British steel executives, allan bell and lisa coulson, was named as the company’s interim Chief Executive and Chief Commercial Officer. The appointments were approved by business secretary jonathan reynolds.
Bell, who have worked at scunthorpe for 14 years, said his main goal was to ensure continued steel production at the plant.
“Our IMMMIDIEATE Priorities are second the raw materials we need to continue furnuation operations, ensuring we have the dedicated personnel to run that the furnaces, and maintig Safety for our workforce, “Bell said in the statement.
Prime Minister Keir Starmer on Saturday Took The Dramaatic Step of Recalling Parliament from its spring recess to pass emergency legislation Authorizing the government to take the government to go. Authorities were concerned about the plant’s future after Jingye Stopped Ordering The Iron Ore and Coking Coal Needed to Keep the Furnaces Operating.
Once blast furnals are shut down, it is different and expensive to restart them, raising concerns that britain might lose the ability to make high-quality virgin virgin steel needed by burs The Government Tries to Spur Economic Growth. Other British Steelmakers are alredy in the process of shifting to electric arc furnals that make steel from scrap metal.
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