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The United Kingdom could be the first nation G7 that does not produce its own steel, with blaming the main steel company President Donald TrumpTariffs for the planned closure of his two tall stoves.
British Steel, owned by Jingye, Chinese Steel Group, announced plans to close his two high furnaces in England, Telegraph reported. The closing at risk brought 2,700 jobs and the end of the production of steel in the United Kingdom after 150 years. Jingye bought British Steel in 2020.
Jingye said the “Tariff imposing” made the work stoves and steel production of “no longer financially sustainable”.
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Flag with British steel logo at the entrance to the steel site factory in England. The Chinese company that owns the manufacturer of Steel accuses President Donald Trump Tariff of Potential Closing Two High Peaches in England. (Anna Gowthorpe/Pa by AP)
Trump imposed 25% of tariffs About the import of steel and aluminum into the United States, which entered into force at the beginning of this month.
Jingye said he had invested billions of dollars to maintain surgery from 2020, but that the losses had thrown out to a hundred thousand dollars a day.
Closures could have implications on national security.
“There is a reason why Russia immediately immediately bombed all the high stoves in Ukraine; because the countries need steel not only for defense, but also for the construction of roads and infrastructure,” said Sarah Jones, Energy Minister.
Roy Rickhuss, the Union General Community Secretary, said: “We invite Jingye and the government to return around the table to continue negotiations before it is too late.”
President Donald Trump talks to the audience. (Donald Trump/Truth Social)
“Given that we are now at its peak to become the only G7 country without a domestic primary capacity to make steel, it is not an exaggeration to say that our national security is difficult to endanger,” he added.
Trump struggled to hold our steel in American hands. Nippon Steel, a Japanese companyHe said he was ready to increase investments in US steel objects to $ 7 billion because he tries to convince Trump THH that Pittsburgh leader would be in good hands with foreign ownership.
“We will also keep us steel here in America,” Trump said during a set of campaigns for September 2024.
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Trump first opposed the agreement in February 2024, but said earlier this year that Nippon would negotiate an investment in American Steel, not buying, Pittsburgh Post-Gazette reported.
