Written Question·Department for Business and Trade·UIN 122093

British Steel

Tabled: 19 March 2026

Answered: 24 March 2026

Named Day

Question

Dame Harriett Baldwin

Conservative — West Worcestershire

To ask the Secretary of State for Business and Trade, what estimate he has made of the value of British Steel.

Answer

Chris McDonald

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 d...

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