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flag UK government takes control of Speciality Steel, saving 1,450 jobs amid ownership dispute.

flag The UK government has taken control of Speciality Steel, the country's third-largest steel manufacturer, to save 1,450 jobs. flag The plants in Rotherham and Stocksbridge will be managed by the Official Receiver and Teneo, with the government covering wages and operational costs until a buyer is found. flag Speciality Steel's parent company, GFG, plans to bid for the business's control.

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