Deputy Prime Minister Angela Rayner confirmed that the government has secured the raw materials needed to keep Scunthorpe steel plant going. It comes as the government stepped in over the weekend to take it over from Chinese company Jingye after it threatened to shut down one of the furnaces today. "We've got the raw materials, they've been paid for and we're confident that the furnaces will continue to fire," Ms Rayner said. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00We've got the raw materials, they've been paid for and we're confident that the furnaces will continue to fire.
00:05We've taken the action we've taken over the weekend, it was important that we did that, we secured the site,
00:11we've got a new CEO and management team here and we're confident that they'll be able to continue into the future.
00:16We've taken nothing off the table, we'd like to see private investment going forward,
00:21we've got a pipeline with my 1.5 million homes, the defence contracts that are coming forward,
00:27the work that we're doing on the industrial strategy to make sure that we can bring down the costs that we've seen.
00:33There is a deficit at the moment but we're confident of the future of British steel
00:37and it's very important for the UK to continue to make steel in this country
00:42and that's why the government have stepped in and taken the action they've taken.