Scunthorpe Steelworks Under State Control
This is a UK news story, published by Sky News, that relates primarily to British Steel news.
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Scunthorpe blast furnacesSky News
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This is a remarkable step by the government - and Donald Trump, China and Reform UK have all played their part

69% Informative
Chinese firm Jingye will - on paper - remain the owner of British Steel .
But the UK state will insert itself into the corporate set-up to override the wishes of the Chinese firm.
This is not full nationalisation, but it is an extraordinary step.
Government is frustrated at how the Chinese owners have engaged in negotiations around modernising the site.