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America One News
14 Apr 2025
#economy
GB News: Royal Navy ready to escort crucial fuel shipments to Scunthorpe steelworks amid 'sabotage' threats
Ministers are contemplating deploying the Royal Navy to escort a crucial coking coal shipment to Scunthorpe's steelworks after a takeover. Without this coal, the furnaces would shut down, making it difficult to restart operations. The Ministry of Defence has not confirmed any decision yet.
The government intervened after British Steel's owners, Jingye, attempted to sell the coal shipment to a Chinese firm, risking the closure of the steelworks. Emergency legislation has been passed to empower the Business Secretary to manage the company directly, with nationalization being a potential long-term solution.