During an emergency parliamentary session on Saturday, Business Secretary Jonathan Reynolds announced urgent action to save Scunthorpe’s British Steel plant, the UK's last mass producer of virgin steel. MPs passed legislation forcing the plant’s Chinese owners, Jingye, to keep it open or face criminal charges. Financial journalist Jasper Jolly explained the steelworks' importance to Scunthorpe and the town’s potential devastation if it closed. The plant has struggled financially for years, largely due to cheap Chinese steel flooding global markets. The government’s intervention has sparked debate about foreign ownership of key infrastructure and contrasts with its approach to Port Talbot steelworks.