{"id":240899,"date":"2025-02-17T17:09:14","date_gmt":"2025-02-17T17:09:14","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/17\/reynolds-set-for-fresh-talks-on-british-steel-rescue-deal\/"},"modified":"2025-02-17T17:09:15","modified_gmt":"2025-02-17T17:09:15","slug":"reynolds-set-for-fresh-talks-on-british-steel-rescue-deal","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/17\/reynolds-set-for-fresh-talks-on-british-steel-rescue-deal\/","title":{"rendered":"Reynolds set for fresh talks on British Steel rescue deal"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i2.wp.com\/e3.365dm.com\/24\/05\/1920x1080\/skynews-nick-martin-port-talbot_6560831.jpg?20240520134355&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Reynolds set for fresh talks on British Steel rescue deal\" title=\"Reynolds set for fresh talks on British Steel rescue deal\" \/><\/div>\n<div data-component-name=\"ui-article-body\" data-highlight-intro=\"true\">\n<p>The business secretary will this week hold a fresh round of talks with British Steel&#8217;s Chinese owner amid protracted talks about a state bailout of the Scunthorpe-based company.<\/p>\n<p>Sky News has learnt that Jonathan Reynolds will discuss the future of the industrial group with Jingye Group&#8217;s boss, Li Huiming, in the latest chapter of a negotiation which has been dragging on for more than two years.<\/p>\n<p>Jingye, which bought British Steel in 2020, is seeking hundreds of millions of pounds from the government to electrify steelmaking at its Scunthorpe plant, where thousands of people are employed.<\/p>\n<p><a href=\"https:\/\/news.sky.com\/story\/money-news-latest-mortgage-consumer-gdp-13040934#9123374\" target=\"_blank\" rel=\"noopener\"><strong>Money blog: Nearly 300 pubs permanently closed last year<\/strong><\/a><\/p>\n<p>It follows a \u00a3500m grant handed to Tata Steel, owner of the Port Talbot site in South Wales, last autumn.<\/p>\n<p>Over the weekend, Mr Reynolds signed off on a consultation on plans to support the steel industry, including state financial support worth up to \u00a32.5bn.<\/p>\n<p>The proposals include tackling high electricity costs and improving the UK&#8217;s scrap metal processing capabilities.<\/p>\n<p>&#8220;The UK steel industry has a long-term future under this government,&#8221; Mr Reynolds insisted on Sunday.<\/p>\n<p>It comes amid the uncertainty for producers posed by US President Donald Trump&#8217;s broad imposition of tariffs on overseas steel companies.<\/p>\n<p>Whitehall sources said that no formal decisions were expected to be reached during Tuesday&#8217;s talks between Mr Reynolds and Mr Li.<\/p>\n<p>A spokesperson for the Department for Business and Trade declined to comment.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.sky.com\/story\/reynolds-set-for-fresh-talks-on-british-steel-rescue-deal-13311458\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The business secretary will this week hold a fresh round of talks with British Steel&#8217;s Chinese owner amid protracted talks about a state bailout of the Scunthorpe-based company. Sky News has learnt that Jonathan Reynolds will discuss the future of the industrial group with Jingye Group&#8217;s boss, Li Huiming, in the latest chapter of a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":240900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/e3.365dm.com\/24\/05\/1920x1080\/skynews-nick-martin-port-talbot_6560831.jpg?20240520134355","fifu_image_alt":"","footnotes":""},"categories":[603],"tags":[14,2294,728,4258,20431,320,1291,66],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/240899"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=240899"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/240899\/revisions"}],"predecessor-version":[{"id":240901,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/240899\/revisions\/240901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/240900"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=240899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=240899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=240899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}