UK nationalizes British Steel to safeguard domestic production
2026-07-20 12:06:44
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The government announced on Thursday that it has fully taken over the loss-making steelmaker, previously owned by Chinese interests, in a decisive bid to secure the future of the nation's steel industry.Asian Metal Copyright Operational control was first seized from Chinese parent Jingye in April 2025 to avert the closure of the Scunthorpe plant in northern England, thereby safeguarding 2,700 direct jobs and thousands more across the supply chain.Asian Metal Copyright The move adds to a series of protective measures already implemented by London, including new tariffs and quotas to counter cheap steel dumping, alongside a trade agreement with the United States.Asian Metal Copyright Citing the national interest, the government stated that public ownership was essential to preserve the UK's domestic steelmaking capability.Asian Metal Copyright Citing the national interest, the government stated that public ownership was essential to preserve the UK's domestic steelmaking capability.Asian Metal Copyright The move adds to a series of protective measures already implemented by London, including new tariffs and quotas to counter cheap steel dumping, alongside a trade agreement with the United States.Asian Metal Copyright Operational control was first seized from Chinese parent Jingye in April 2025 to avert the closure of the Scunthorpe plant in northern England, thereby safeguarding 2,700 direct jobs and thousands more across the supply chain.Asian Metal Copyright Citing the national interest, the government stated that public ownership was essential to preserve the UK's domestic steelmaking capability.Asian Metal Copyright The site, which remains the country's last primary steelmaking facility, serves critical sectors including rail, construction, and automotive manufacturing.
.Asian Metal CopyrightThe government announced on Thursday that it has fully taken over the loss-making steelmaker, previously owned by Chinese interests, in a decisive bid to secure the future of the nation's steel industryAsian Metal Copyright
