British Steel taken into public ownership to protect 'vital' UK supply

The Scunthorpe steelworks has been officially nationalised under new government powers passed this week.

U.K. Nationalizes British Steel, Its Last Major Steel Mill

The government first intervened in British Steel last year to prevent its then-owner, the Chinese company Jingye Group, from shutting it down. No private sector buyers came forward.

By Eshe Nelson

British Steel taken into public ownership to protect 'vital' supply

British Steel is back into government ownership for the first time since 1988 after taking control from a Chinese firm.

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 Chinese owner, Jingye, in one of the last significant actions overseen by him as p...

By Jasper Jolly

Government brings British Steel under public ownership

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

By Jessica Coates

British Steel taken into public ownership to protect ‘vital’ UK supply

British Steel has been taken into public ownership in a move the government said would protect jobs and safeguard "a vital national capability".

By Emmanuel Tetteh