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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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