The sale of Tata Steel's Scunthorpe plant to an investment company has been completed overnight.
Greybull Capital now owns Tata Steel's Scunthorpe plant and its Long Products Europe business - which includes a design consultancy in York.
Tata Steel has issued a statement confirming it will work under the name British Steel following the sale to Greybull Capital.
Unions welcome the sale of Scunthorpe steelworks to an investment firm as a 'massive vote of confidence' in the town.
There's a another possible lifeline for 2,000 South Yorkshire steel jobs with a potential Tata management buyout
The Commons debate, which is scheduled to last up to three hours, has been given an emergency slot amid growing fears for the industry.