Government considers nationalising British Steel

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The story "Government considers nationalising British Steel" was covered 2 weeks ago by BBC Business, a news publisher based in United Kingdom.

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Government considers nationalising British Steel - BBC Business

Quick Summary:

There are fears among ministers that the company's blast furnaces could run out of raw materials within days.

Senior figures in Whitehall are concerned negotiations are reaching a crunch point this week, as the prospect of a lack of raw materials for the blast furnaces in the coming days - leading them to be turned off – would make the site's existing vulnerability even more perilous.

He declined to provide further details, but added: "I can reassure the committee that we're doing everything we can to ensure there is a bright future for Scunthorpe.