British Steel

Ministers may renationalise British Steel if the rescue plan falls through.

Government ministers are considering renationalizing British Steel in a final effort to protect thousands of jobs, as tensions increase amid a standoff between the government and the company’s Chinese owners over a £1 billion investment. Jonathan Reynolds, the business secretary, is in talks with British Steel and its owner, Jingye, about how much each party […]

British Steel shapes SeAH Wind’s £900M Project

Construction is advancing on one of the world’s largest offshore wind farms being developed on Teesside with the help of British steel. SeAH Wind, by SeAH Steel Holdings Corporation, based in the United Kingdom, constructing its £900 million monopile manufacturing facility on the south bank of the River Tees at Teesworks is currently 90% complete. Following […]