China rebukes UK as British Steel is formally nationalised
The United Kingdom has formally taken ownership of British Steel, the country's last working steelworks, after months of concern that its Chinese owner could shut the plant down. The move gives the government direct control over the Scunthorpe site, which has been at the centre of a dispute over jobs, industrial policy and national security. Beijing has responded by saying the decision has severely undermined confidence among Chinese companies considering investment in the UK.British Steel supports about 2,700 jobs across its main steelworks and the wider supply chain, and it is the UK's only source of primary steelmaking. The company... [Continue Reading]
360LiveNews | 17 Jul 2026 05:31 LONDON
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