British Steel Back in Public Hands | London News

British Steel is back under public ownership after the government expropriated it from Chinese owner Jingye, a move that saved 4,000 jobs and preserved the UK’s only primary steelmaker. With parliament recalled to make it happen, officials argue this is vital to safeguard national infrastructure, skilled labor, and independence from global supply chains. Compensation talks with Jingye failed, so an independent valuer will now assess claims. The next phase? A £1 billion investment to modernize the plant and transition to green steel, replacing aging furnaces with cleaner electric arc furnaces — a massive challenge that begins now. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/eb0ced2b5502f18e