2019-11-15
Nov. 15, 2019 - Commenting on the announcement that Chinese firm Jingye Steel has entered into a sales contract to purchase British Steel, Mr Gareth Stace, UK Steel Director General, said that “This announcement is positive news for British Steel and its workers. British Steel’s production facilities in Scunthorpe and elsewhere in the North East represent one third of the UK’s steel production and are a major strategic asset to our country; their loss would leave our manufacturing, construction and infrastructure capability in a considerably poorer state. Today’s announcement is a huge hurdle overcome on the way to delivering a sustainable future for this cornerstone of British industry. A commitment to long-term investment and production in the UK is absolutely essential and naturally must sit at the heart of any purchase that now goes ahead.”
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