U.K. Nationalizes British Steel, Its Last Major Steel Mill
The government first intervened in British Steel last year to prevent its then-owner, the Chinese company Jingye Group, from shutting it down.
No private sector buyers came forward.
British Steel Taken into Public Ownership
- British Steel is taken into public ownership to save UK supply The Guardian —
- Government brings British Steel under public ownership The Standard —
- British Steel brought under public ownership to save jobs and protect industry Mirror —
- British Steel taken into public ownership to protect 'vital' supply Le Monde —
- Government nationalises British Steel City AM —