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Chinese steelmaker Jingye Group has completed the buyout of British Steel, helping secure 3,200 jobs and saving the British company from liquidation.

Chinese company Jingye Group announced on Monday that it has taken over British Steel in a rescue bid, securing the immediate future of the Scunthorpe steelworks and promising a sustainable chapter for the industry.

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[Ferro-Alloys.com] Good morning! It is a real delight to join you at Scunthorpe, the well-known “Industrial Garden Town”, to mark the acquisition of British Steel by Jingye Group.After nearly one year of discussion and preparations, this deal finally went th...

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