Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe British Steel works in Scunthorpe (PA)British Steel has been taken into public ownership, a move confirmed by the government to protect the future of steel production across the UK. The Department for Business and Trade said the decision is essential to maintain steel manufacturing at British Steel’s Scunthorpe site in Lincolnshire, safeguarding jobs and crucial UK supply chains. This nationalisation follows the Steel Industry (Nationalisation) Act 2026 receiving royal assent and becoming law.A new leadership team has been appointed to stabilise the business and transform it into a “commercially sustainable, low-carbon enterprise”, the Government said.Prime Minister Sir Keir Starmer said: “British Steel is part of the fabric of our nation and a cornerstone of Britain’s industrial strength. Today’s decision secures the future of steelmaking in the UK, protects skilled jobs and safeguards a vital national capability.”In fullBritish Steel taken into public ownership by governmentMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Government nationalises British Steel to ‘secure future of UK steelmaking’
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe British Steel works in Scunthorpe (PA)British Steel has been taken into public ownership, a move confirmed by the government to protect the future of steel production across the UK. The Department for Business and Trade said the decision is essential to maintain steel manufacturing at British Steel’s Scunthorpe site in Lincolnshire, safeguarding jobs and crucial UK supply chains. This nationalisation follows the Steel Industry (Nationalisation) Act 2026 receiving royal assent and becoming law.A new leadership team has been appointed to stabilise the business and transform it into a “commercially sustainable, low-carbon enterprise”, the Government said.Prime Minister Sir Keir Starmer said: “British Steel is part of the fabric of our nation and a cornerstone of Britain’s industrial strength. Today’s decision secures the future of steelmaking in the UK, protects skilled jobs and safeguards a vital national capability.”In fullBritish Steel taken into public ownership by governmentMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
