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British Steel



UK government to take control of British Steel under emergency law

  • The Chinese owners of British Steel have said it is no longer financially viable to run the two furnaces at the Scunthorpe site, where up to 2,700 jobs have been at risk
  • Jingye bought British Steel in 2020 and says it has invested more than £1.2 billion ($1.5 billion) to maintain operations but is losing around £700,000 a day
By AFP ·

British Steel secures Egypt rail deal

By Arab News ·

London aluminium hits 10-year high on supply worries

By Reuters ·

Chinese buyout marks new chapter in British Steel history

By AFP ·

British Steel collapses, threatening thousands of jobs

By AP ·

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