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The UK government needs a proper plan for steel

Financial Times LogoFinancial Times14h ago

The UK government needs a proper plan for steel - Financial Times

Quick Summary:

After Jingye seemed to be trying to run down the blast furnaces, ministers stepped in.

After recalling parliament from recess to pass emergency legislation, ministers have seized control of the plant and secured iron ore and coal to keep the furnaces burning for now; at least temporary nationalisation is now likely.

That means implementing the EAF plan with something near the £500mn grants that were offered to Jingye, and to India’s Tata Steel to do something similar at Port Talbot in south Wales.

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Article Details

Author / Journalist: The editorial board

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 16:39:58 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 708 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 27925560

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

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  • URL: https://chronographically.beamstart.com/news/the-uk-government-needs-a-17447354133911

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