UK considers nationalizing British Steel to avert financial collapse and ensure green transition.

The UK government is considering nationalizing British Steel amid financial struggles and tensions with the company's Chinese owners. Talks are ongoing between the government and British Steel's owner, Jingye, over a rescue plan. Nationalization is seen as a last resort due to high costs, but trade unions support it. The government denies plans for nationalization but is exploring options to secure the company's future and support a transition to green steel production.

4 months ago
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