Government takes British Steel into public ownership to protect Scunthorpe plant
Business

Government takes British Steel into public ownership to protect Scunthorpe plant

16 Jul 2026 · Originally published 16 Jul 2026 8/10 Original headline: British Steel is taken into public ownership to save UK supply
The government has formally taken ownership of the Scunthorpe steelworks from Jingye to prevent the closure of the UK's last primary steel producer. This move secures 4,000 jobs and ensures the continued operation of the site's blast furnaces, which were at risk of being shut down.
Source: The Guardian UK
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