British Steel, Auditors warn ‘material uncertainty’ as fights to survive

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If the auditor of British Steel is facing the company’s “material uncertainty” and “future financial finance”, the Chinese owner, the owner of the Chinese financial support was rejected.

Declared the job that announces plans last week Close blast stoves and close jobsIn 2023, in 2023, after hitting 231.2mn, including steel prices and high energy costs, pre-tax losses, recently, companies were presented in the house show.

According to this account, the losses in 2024 continued in 2024, although the sudden Impairment is declared.

The filing is funded on the main website of Britain’s last two-end explosions in the British website in Lincolnshire, which has the main website of English steel, mainly by Chinese parents.

British steel has led to £ 735.7 million in late December 2023, shows up to £ 630.2mn.

Auditor MFA warned that the company needs the company’s most recent parent company and future financing from the group in the date of approval of these financial statements. “

Although Jingye’s “intention to support company”, the auditor said that there are no “legal compulsory agreements” to ensure more financing of the Chinese group.

Jingye’s British Holding Company also added that there are no checked financial statements for 2022 and 2023.

“These issues show the existence of an uncertainty that can create an important doubt about the ability to continue the company as a constant concern.

UK steel, last week’s workers, Scunthorpe at risk 2,700 in the workplace in 2,700 businesses, he will start consultations related to the loss of work, he said. The business employs 3,500 people in England among three sites.

The decision came after Jingye Rejected £ 500m off offer To help the British ministers build two less carbon intensive electric arc stoves. He was looking for a group of Chinese Close to £ 1 billion in support It may cost £ 2 billion for an estimated project.

Unions warned that English steel operations could be taken off raw materials for the stoves in early June, in early June.

“Sustainable financial losses” in British steel on Monday …. Determined on market conditions, and now tariffs left with “another option”, but offered to close the explosion. The company remained “open to dialogue” with the government.

The government, including the nationalization, including nationalization, said the Minister of Energy Sarah Jones, last week to the Commons House.

The government was important for the production of steel production to be important in the UK, and this was £ 2.5 billion to protect the future of the industry.

The Secretary of Jonathan Reynolds said that the government did not work tirelessly to reach an agreement with the company’s owners to ensure the future of the government and protect taxpayers.

If a large political figure, the government tries to connect the blasting stoves of the government, said he thought he was trying to seize control of the plant.