Parliament is being recalled to discuss the future of British Steel in Scunthorpe, Sky News understands.
MPs are being summoned back from Easter recess to Westminster, and will sit from 11am on Saturday, according to Sky sources.
The news comes as the government has been actively considering nationalising British Steel after Jingye, its owner in Scunthorpe, cancelled future orders for the iron ore, coal and other raw materials needed to keep the furnaces running.
That led to fears the Scunthorpe plant, the last blast furnaces left operating in Britain, could be forced to close as early as next month.
Politicians had left Westminster for their Easter break on Tuesday and were not due to return until Tuesday 22 April.
The last time parliament was recalled was on 18 August 2021 to debate the situation in Afghanistan.
It has been recalled only 34 times since 1948.
The British Steel plant in Scunthorpe has the UK’s last operating blast furnaces.
The government has been in negotiations with both British Steel and Jingye throughout the week.
There have been calls from Reform for the company to be nationalised – though the Conservatives have said a “commercial solution” should be found instead.
This morning, Chancellor Rachel Reeves said that “all options remain on the table” in terms of saving British Steel.
Business and Trade Secretary Jonathan Reynolds and officials met with the chief executives of Jingye and British Steel on Wednesday for discussions on steelmaking in Scunthorpe.
A statement released after the meeting said: “Both sides welcomed continued cooperation in talks to find a way forward.
“The UK government thanked Jingye for their respect for the workforce during this process, and work continues at pace to find a resolution.”
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