32 Days
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Britain nationalizes British Steel to ensure steel production and protect industrial security
The British government nationalized British Steel after an intervention lasting approximately 15 months, aiming to safeguard around 4,000 jobs and to preserve the UK’s ability to produce primary steel. This move comes following negotiations with Chinese company Jingye, which owned the firm, leading to a complete transfer of ownership to the state. Officials confirm that this decision secures the future of the steel industry in the UK, bolsters the national economy, and continues to protect the national interest.
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