British Steel, owned by Jingye, announced plans to close its two blast furnaces in England due to financial pressures attributed to President Trump's 25% steel tariffs. The move endangers 2,700 jobs and raises concerns over the UK's domestic steel production and national security.

British Steel, owned by the Chinese steel group Jingye, announced plans to close its two blast furnaces in England due to financial unsustainability linked to Trump's 25% tariffs on steel and aluminum. The decision endangers 2700 jobs and signals a potential erosion of the United Kingdom's domestic steel production capability, raising national security and labor concerns.

Following the collapse of a support package deal between Chinese owners Jingye and the government, a union and several MPs have called for the nationalisation of British Steel to protect up to 2,700 jobs threatened by the planned closure of two blast furnaces in Scunthorpe, emphasizing the strategic importance of maintaining domestic steel manufacturing.

On March 27, 2025, British Steel's parent company Jingye rejected a £500m subsidy offer from the UK government aimed at supporting a transition to green steel production. This decision has led to a redundancy consultation for the potential closure of two blast furnaces in Scunthorpe, putting over 2,000 jobs at risk and drawing criticism from unions and local community leaders.

British Steel has initiated a consultation with trade unions regarding the potential closure of its blast furnaces, which could lead to up to 2,500 job losses from its 3,500-strong workforce. The move is seen as an attempt to pressure the UK government during ongoing subsidy negotiations, raising significant concerns about the treatment of workers.

British Steel's Chinese owner, Jingye Group, rejected a £500m government aid offer intended to support the company's transition to green steel production and safeguard thousands of steel industry jobs. The decision, communicated in a letter from Business Secretary Jonathan Reynolds, raises concerns over the prioritization of corporate interests over worker and national industrial security.

British Steel's Chinese owner, Jingye Group, rejected a £500 million UK government rescue package intended to stabilize the struggling steel industry. The decision, confirmed during parliamentary questioning by Industry Minister Sarah Jones, has cast doubt on government efforts to safeguard jobs and maintain national industrial stability.

The UK government has entered talks with China's Jingye, the current owner of British Steel, in an effort to prevent the closure of its plants. This intervention aims to protect the remaining UK's blast furnaces and secure industrial jobs amid challenging market conditions.