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flag UK considers nationalizing Scunthorpe Steel Works to secure domestic steel supply as owner rejects modernization funds.

flag The UK government may nationalize the last steel plant in the country, Scunthorpe Steel Works, to ensure domestic steel supply. flag Owned by China's Jingye Group, the plant may run out of essential iron pellets needed for steel production. flag Jingye rejected a £500 million offer to modernize the plant, and negotiations continue. flag Prime Minister Keir Starmer says all options are on the table to keep the plant open.

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