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Chinese owner British Steel has rejected a £ 500m offer from the Government of the UK to switch to greener production, in a move that will cause concern about the future of one of Britain’s largest remaining steel production companies.
Sarah Jones, Energy Minister, said the Committee on Wednesday to select a business selection of Commons home that the Government offered a british owner Steel, Jingye to continue working on Monday, but that it was rejected.
Jingye sent a letter to the Government on Wednesday, in which she refused access to people who were familiar with the situation.
The treasury offered £ 500m to attempt to maintain business, given the strategic importance of the steel industry to Britain, people said.
Jones said that the Government “still spoke with British Steel, every day,” but development will be doubted to the future of thousands of jobs at the leading place of the company in Scuthorpe in Lincolnshire.
The British Steel manages the last two remaining high stoves in the UK after Dad Steel has closed the last in September.
British Steel did not immediately respond to the comment request.
