The government is considering nationalising British Steel as fears grow among ministers that the company's blast furnaces in Scunthorpe, Lincolnshire could run out of raw materials within days.

The nationalisation of British Steel looks increasingly likely. Owned by the Chinese Jingye Group since 2020, the company is ...

Steely decision: On Saturday, the government recalled parliament for a rare weekend sitting to pass an emergency law to save British Steel’s Scunthorpe plant from closure, bringing it under government ...

In an extraordinary session of parliament Saturday, the Labour government enacted emergency powers to take control of the British Steel company, owned by Chinese firm Jingye, compelling it to remain ...

LONDON, April 15 - The UK government's seizure of British Steel from Chinese company Jingye on national security grounds suggests extending North Sea oil and gas production is now a no-brainer. The ...

LONDON, April 14 (Reuters) - Britain approved British Steel's appointment of two of its long term employees to act as interim chief executive and chief commercial officer, the company said on Monday, ...