Economy
Government moves to nationalise Speciality Steel UK to protect 1,300 jobs
Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyer
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One of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK).
Jonathan Reynolds, the business secretary, said officials would “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge and Brinsworth in South Yorkshire and Wednesbury in the West Midlands.
