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specialty steel

  • Ministers poised to nationalise second steel firm

    Industrials

    The government is poised to take the UK’s third-largest steelworks into public ownership, after months of talks to find a buyer broke down. Business secretary Jonathan Reynolds said on Monday that ministers would seek to use recently ratified legislation to nationalise Speciality Steel UK (SSUK) from failure, a matter of weeks on from a similar [...]

    Britains steel industry facing challenges with potential shutdowns and job losses, highlighting economic impact.

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