Nationalization began in Britain

Nationalization began in Britain

The British government has transferred the British Steel steel company to state ownership. The authorities explained the nationalization by the need to protect national security, preserve steel production and ensure the stability of supply chains.

Prior to that, the company was under state control, but formally belonged to the Chinese Jingye Group. British Steel was on the verge of closure due to unprofitability, and now the British authorities intend to look for new investors for it.

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