British Steel owner reportedly asking for urgent financial help from government

Jingye Group understood to have told ministers that its blast furnaces are unviable without huge cash injection

The owner of British Steel, the UK's second-biggest steel producer, is understood to be seeking an urgent package of financial support from the government.

Jingye Group, which bought the company out of insolvency just two years ago, has told ministers that its two blastfurnaces are unlikely to remain feasible unless the Scunthorpe-headquartered company is granted financial aid, Sky News has reported.