A Chinese steelmaker is tipped to buy British Steel out of insolvency – this after a Turkish bidder left the company in limbo when its offer collapsed in October.
China’s Jingye Group has emerged as the next possible owner of the embattled British Steel company, where around 25,000 jobs are still hanging in the balance. British Steel has managed to keep the fires burning because the UK government has stoked them since May this year while seeking a new buyer. This is not the…
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