The trade body for steelmakers has rubbished claims that British Steel could be more easily saved if the UK were outside the European Union and warned that the turmoil of a no-deal Brexit could further damage the industry. Want to save the UK steel industry? Gill Furniss, Labour’s shadow minister for steel, said: “None of the potential candidates for the Tory leadership have shown any interest in defending our steel industry. The trade body has previously called on the government to increase the amount of steel it buys from UK producers from 43% at present. The wealthy investors behind Greybull Capital, the private equity firm that controlled British Steel when it collapsed, are expected to be called before a select committee inquiry into its failure.

Source: The Guardian May 26, 2019 13:52 UTC