The British government is expected to announce full nationalization of British Steel in the King's speech this week, a year after taking operational control of the loss-making steelmaker from Chinese owner Jingye. The move aims to protect the company's Scunthorpe plant, which operates Britain's last two blast furnaces and employs 3,500 people.
Otto Beta
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The British government is expected to announce full nationalization of British Steel in the King's speech this week, a year after taking operational control of the loss-making steelmaker from Chinese owner Jingye. The move aims to protect the company's Scunthorpe plant, which operates Britain's last two blast furnaces and employs 3,500 people.