Neutral
Last updated: 2026-07-22 06:07:49 ET
The UK's only remaining plant making virgin steel has been taken into public ownership after years of uncertainty over its future.
Jingye said it will take action "through legal means to the very end" after the UK government nationalised British Steel.
Move dealt ‘severe blow to Chinese companies’ confidence in investing in the UK’, says Ministry of CommerceChina’s government has said it is �...
The UK government said taking the firm into public hands would safeguard "a vital national capability".
Businesses and traffic in West Hollywood doused after century-old pipe bursts belowgroundA century-old water pipe buried below a bustling boulevard in...
The government first intervened in British Steel last year to prevent its then-owner, the Chinese company Jingye Group, from shutting it down. No priv...
The U.K. government has nationalized British Steel to protect the nation’s steelmaking capacity
The Scunthorpe steelworks has been officially nationalised under new government powers passed this week.
The new legislation would see Scunthorpe-based British Steel brought into public ownership.
Unlock the AI Macro Analyst to drill down into the data, explore hidden risks, and query the entire market briefing in real-time.
LOG IN / SUBSCRIBE