UK Takes British Steel Over From Chinese Owners

UK Takes British Steel Over From Chinese Owners


The legislation mostly is intended to keep Jingye Group from closing the two massive blast furnaces at the plant in the north of England, per the AP. The company retains ownership, but the government can control management and workers to keep production going and can enter the plant by force if necessary. "All options are on the table to secure the future of the industry," the prime minister said.

Author: Bob Cronin


Published at: 2025-04-12 21:00:00

Still want to read the full version? Full article