Negotiations to save British Steel's Scunthorpe plant are at a critical juncture, with the immediate need for raw materials.
The Chinese owner, Jingye, refuses further investment, deeming the furnaces financially unsustainable, prompting urgent government intervention.
Discussions between British Steel, government officials, and unions continue this week, with nationalization a potential last resort.
The urgent need for raw materials overshadows the long-term future of steel production in Scunthorpe, creating significant uncertainty.
