General · 12 May 2026
British Steel to become publicly owned this week
The move to nationalise British Steel provides vital certainty for its 2,700 workers and customers, securing domestic production capability. Prime Minister Sir Keir Starmer announced legislation this week for the government to take full ownership of the company. This follows the government seizing control last April from Chinese owners Jingye to prevent the closure of its blast furnaces.
Reported by BBC · How we write briefs