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Published: May. 28, 2025 7:32 a.m. GMT+8

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Steel /

In Depth: British Steel takeover leaves Chinese firm in limbo

In an unusual move, the U.K. government recalled Parliament from its Easter recess on April 12 — a Saturday, no less — to urgently pass legislation allowing the state to take over the country’s last virgin steel producer from its Chinese owner.

The goal: to keep Britain’s final two blast furnaces running and preserve the country’s capacity to produce steel from scratch.

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