UK risks being G7's only nation without steel

A Chinese company, Jingye, which owns British Steel, is considering closing two blast furnaces in England. The closures could mark the UK as the first G7 country without its own steel production. This decision affects 2,700 jobs. Jingye blames U.S. tariffs imposed by former President Trump as a key reason for the financial troubles. The company has faced significant losses, reportedly hundreds of thousands of dollars every day since taking over British Steel in 2020. UK officials have raised concerns about national security, noting that steel is essential for defense and infrastructure. Unions are urging Jingye to negotiate with the government to find a solution before it's too late.