←back to thread

UK to take emergency control of British Steel, with nationalisation on the table

(www.reuters.com)
15 points pmags | 1 comments | 12 Apr 25 15:38 UTC | HN request time: 2.239s | source
Show context
pmags ◴[12 Apr 25 15:39 UTC] No.43665309[source]▶
Is this move in response to all the trade uncertainty of recent weeks/months or was there such a move in the works prior to the tariff chaos?
replies(2): >>43665327 #>>43670616 #
toomuchtodo ◴[12 Apr 25 15:41 UTC] No.43665327[source]▶
It’s about maintaining the manufacturing capability as a national security concern.
replies(2): >>43665395 #>>43666070 #
pmags ◴[12 Apr 25 15:47 UTC] No.43665395[source]▶
Yes, I get that.

My question was aimed at what was the broader context that led the UK government to issue an emergency recall of lawmakers to make this happen so quickly.

I assume, perhaps incorrectly, that the problems with British Steel have been a long time coming?

replies(2): >>43665525 #>>43670657 #
1. tonyedgecombe ◴[13 Apr 25 06:55 UTC] No.43670657[source]▶
The owner was planning to shut the plant down. Restarting a blast furnace is challenging as the iron solidifies in the bottom of the furnace.