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Evening Standard
Evening Standard
World
Sami Quadri

British Steel’s Chinese owners ‘seeking huge government support package’

British Steel

British Steel (PA)

(Picture: PA Archive)

The owners of one of the biggest steel producers in Britain are seeking an urgent financial support package from the government, according to reports.

Jingye Group, the Chinese industrial group which bought the Scunthorpe-based steelmaker out of liquidation in 2019, fear that its two blast furnaces are unlikely to survive without government funding.

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