The nationalisation of British Steel looks increasingly likely. Owned by the Chinese Jingye Group since 2020, the company is composed of a blast furnace in Scunthorpe and a steel mill in Skinningrove.

The British Steel Corporation, a nationalized giant, last week opened for business after a long and turbulent incubation period. Named to head it was a chap about whom his government boss, Minister of ...

Steely decision: On Saturday, the government recalled parliament for a rare weekend sitting to pass an emergency law to save British Steel’s Scunthorpe plant from closure, bringing it under government ...

In an extraordinary session of parliament Saturday, the Labour government enacted emergency powers to take control of the British Steel company, owned by Chinese firm Jingye, compelling it to remain ...

Has British Steel been nationalised? Not quite. Earlier this month, the government passed an emergency law to take operational control of the company, but it doesn’t actually own it. That’s an uneasy, ...

When you buy through links on our articles, Future and its syndication partners may earn a commission. Chinese firm Jingye has threatened to turn off the furnaces at the Scunthorpe site, which employs ...

Steelmaking in Scunthorpe will continue after the government confirmed the arrival of a new shipment of raw materials on Sunday, crucial to helping ensure the blast furnaces at British Steel keep ...

British Steel has secured a five-year contract worth £500 million to supply 70,000 to 80,000 metric tons of rail annually to Network Rail. The company recently invested £10 million to open a new rail ...

British Steel is turning to the United States to save U.K. steel production after the government passed an emergency law to seize control of the company. Officials accused its Chinese-owned parent, ...

British Steel plans to construct a 130 metric-ton capacity electric arc furnace (EAF) at its Scunthorpe site following local authority approval. The new EAF is part of a £1.25 billion decarbonization ...