British Steel is taken into public ownership to save UK supply

British Steel is taken into public ownership to save UK supply

Scunthorpe factory is expropriated from China’s Jingye and ministers will ask a valuer to assess compensation British Steel has formally been taken into public ownership 15 months after the government stepped in to prevent the closure of its steelworks in Scunthorpe and the loss of 4,000 jobs. Keir Starmer on Thursday said that it was in the national interest for the government to take over the factory from its Chine…

16 Jul, 07:26

Government brings British Steel under public ownership

The announcement follows the Steel Industry (Nationalisation) Act 2026 receiving royal assent and becoming law.

16 Jul, 06:53

British Steel brought under public ownership to save jobs and protect industry

The Department for Business and Trade (DBT) said it was essential to maintain steel production at British Steel’s site in Scunthorpe, Lincolnshire, and protect UK supply chains

16 Jul, 06:40