Thursday, July 16
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Topic: nationalization

The basic oxygen conversion and continuous casting plant at Scunthorpe steelworks
New Economy
Thursday, 7/16, 07:27 AM

Britain Takes British Steel Into Public Ownership to Save Scunthorpe

  • The UK government has nationalized British Steel, taking the Scunthorpe plant, the country's last site able to make steel from raw materials, into public ownership.
  • The move ends months of uncertainty over roughly 2,700 jobs and follows an emergency intervention last year to stop the blast furnaces going cold.

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