Source: BBC News [UK state media]
“British Steel has been taken into public ownership in what the government said was a bid to ‘protect UK steelmaking’. The future of the steelworks, which employs roughly 2,700 people in Scunthorpe and supports many other industries in north Lincolnshire, has been dogged by uncertainty over recent years. ‘Today’s decision secures the future of steelmaking in the UK, protects skilled jobs and safeguards a vital national capability,’ Prime Minister Sir Keir Starmer said. The UK government took control of British Steel operations in Scunthorpe last year, though it has since remained under the ownership of the Chinese firm Jingye Group.” (07/16/26)