Commons Sense

House of Commons · Written Ministerial Statement

British Steel

26 March 2026 · Department for Business and Trade

Proposed by Chris McDonald Lab Stockton North

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • British Steel remains under special measures as per the Steel Industry (Special Measures) Act 2025.
  • The Government continues to support British Steel and monitor its operations.
  • The sale of Liberty Pipes Hartlepool site to Corinth Pipeworks is a commercial transaction without government involvement.

Issue summary

The statement provides an update on British Steel's ongoing special measures and funding situation under the Steel Industry (Special Measures) Act 2025.

Action requested

No specific action is requested; the Government will continue to support British Steel, monitor operations, and work with Jingye for a future solution. The sale of Liberty Pipes Hartlepool site to Corinth Pipeworks is noted as a commercial transaction without government involvement.

Key facts

  • The Government committed to updating Parliament every four sitting weeks on British Steel's status.
  • Government officials are providing on-site support in Scunthorpe to maintain safe operations and monitor use of taxpayer funds.
  • To date, £419 million has been provided for working capital from existing budgets.
  • Jingye is being worked with to find a realistic solution for the site's future.
  • Liberty Pipes Hartlepool was sold commercially to Corinth Pipeworks.
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