Chinese company Jingye Group announced on Monday that it has taken over British Steel in a rescue bid, securing the immediate future of the Scunthorpe steelworks and promising a sustainable chapter for the industry.

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[Ferro-Alloys.com] Good morning! It is a real delight to join you at Scunthorpe, the well-known “Industrial Garden Town”, to mark the acquisition of British Steel by Jingye Group.After nearly one year of discussion and preparations, this deal finally went th...

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Chinese steelmaker Jingye Group on Monday completed the acquisition of British Steel's business and assets in Britain and the Netherlands, said the Chinese steelmaker in a statement.

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