PARLIAMENTARY WRITTEN QUESTION
(19 March 2026)
Question Asked
To ask the Secretary of State for Business and Trade, what estimate he has made of the value of British Steel.
Asked by:
Dame Harriett Baldwin (Conservative)
Asked by:
Dame Harriett Baldwin (Conservative)
Answer
There are approximately 3,000 workers at British Steel’s Scunthorpe site. British Steel remains owned by Jingye and HM Government’s powers to intervene under the Steel Industry (Special Measures) Act 2025 are designed to maintain steelmaking and avoid a disorderly closure of the blast furnaces.
We are in discussions with the owner, which remain confidential, to find a pragmatic and realistic solution.
Answered by:
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