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British Steel Saved By China's Jingye


Industry Segment: Metals & Minerals | Word Count: 772 Words

GALWAY, IRELAND--November 18, 2019--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--British Steel (Scunthorpe, England), the U.K.'s second-largest steelmaker, has found its white knight in China's Jingye, which will invest 1.2 billion ($1.5 billion) to rescue the struggling company and save up to 4,000 jobs.

Within this article: Details rescue package for British Steel, liquidation, future plans

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