UK to seek powers for British Steel nationalisation
Prime Minister Keir Starmer announced legislation to allow the full nationalisation of British Steel after failing to secure a private buyer. The move aims to protect 2,700 jobs and maintain critical infrastructure as the government has already spent 615 million pounds to keep the Scunthorpe plant operational.
Xurve View
Xurve View
United Kingdom Prime Minister Keir Starmer will introduce legislation to fully nationalize British Steel after failing to secure a private buyer. The government seized operational control from China-based Jingye in April 2025 to prevent the closure of the Scunthorpe plant. The move protects 2,700 jobs and ensures the country retains its last remaining primary steelmaking capability for critical infrastructure.
