LONDON — The British parliament will be recalled on Saturday to discuss British Steel as the future of its Scunthorpe blast furnaces hangs in the balance.
MPs will meet at 11 a.m. — interrupting their Easter recess — to discuss “legislative proposals to ensure the continued operation of British Steel blast furnaces is safeguarded,” according to a statement issued by the House of Commons on Friday afternoon.
There’s been mounting speculation that government ministers could nationalize the steelmaker, following owner Jingye’s decision to trigger a formal consultation to shut its Scunthorpe site last month — a move that puts 3,000 jobs on the line.
