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He said: “Not to do anything is not an option.
“We were unable to do so, and we will not stand and will never stand while the heat leaks from the remaining melting ovens in the United Kingdom without any planning, any legal procedures or any respect for the consequences.
“That is why you need colleagues here today.”
Representatives gathered in Westminster on Saturday after they were unexpectedly summoned from the holiday – the first Saturday summons since the Falkland War in 1982 – to discuss emergency legislation aimed at saving the Scunthorpe factory.
The draft steel industry law (Special measures) gives the government the authority to instruct steel companies in England to keep the facilities open, with criminal penalties for executives if they fail to comply.
However, the conservatives said that the government should have been acted sooner, as the shadow leader in the House of Representatives Alex Burgart accused the ministers of providing “breakfast from the total pig for this entire arrangement” as they sought “the distant powers that have not been seen in the past forty years.”
He opened his speech, which is presenting the bill, Mr. Reynolds said that the government made a “big” offer to support Jingye, which bought British Steel in 2020, but this offer was rejected.
This offer had witnessed that the government was buying raw materials needed to maintain steel making “that would ensure that there are absolutely no losses to Juni” in preserving ovens.
However, this offer was rejected, as Jingye made a counter -show that included the government paying the company “hundreds of millions of pounds” without any conditions for stopping the money that is transferred to China and there is no agreement to preserve the melting ovens “reserved and in a good condition.
Mr. Reynolds said: “Although we were offered to a great gynji, they wanted much more.
But over the past few days, it has become clear that Jenny’s intention has been refusing to buy sufficient raw materials to maintain melting ovens. In fact, her intention was to cancel and refuse to pay for current requests.
“So the company was irreversibly closed and made of basic steel in the British steel.”
Mr. Reynolds said that emergency legislation was a “proportional and necessary step”, adding that he wanted to be a “temporary position” while not recycling powers “in any minute longer than it is necessary.”
Emergency legislation on Saturday stops the full nationalization of the British steel, and the ministers are still hoped to obtain special investments to save the factory.
But in his talk to the BBC, the Minister of Industry, Sarah Jones, admitted that there are currently no companies ready to make an offer, while Mr. Reynolds acknowledged in the House of Commons that public ownership is the “potential option”.
Ms. Jones also insisted that there will be no additional cost of surgery “as a result of the government’s actions, while completing the costs of the steel fund of 2.5 billion pounds in the budget last year.
Before a discussion on Saturday, the Conservative Party leader Kimi Badnouch accused the government of “fading” a deal that negotiated with Jenji “to update” British steel operations, adding in general that the Labor Party “cannot negotiate.”
Mr. Reynolds denied that the Labor Party had inherited a deal, saying that he was told to take office “that there was a shortage of progress in this matter” and the challenge of Mrs. Badnosh to explain the cost of her deals to taxpayers.
She replied, “We did not finish negotiation, so there was no amount, but he would have succeeded better than the terrible plan he got now.”
Meanwhile, the government was criticized for its behavior to save the Scunthorpe factory, but the same measure was not taken when Tata Steel Works was exposed to Port Talbot to the threat of closing.
Liz Saville Roberts, a leader of Westminster from Bakro, said her party would seek to amend the bill to extend its powers to Wales, while liberal democratic spokesman Wells David Chadwick said that workers in southern Wales “would ask themselves how this unjust situation allowed.”
Earlier, Ms. Jones said that the approach was different due to Tata’s willingness to invest in Talbot Port, and changing global conditions, making it necessary to protect the basic steel capacity in the UK.
