British Steel: Chinese sabotage, or self-sabotage?
The Story
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Government Intervention in Scunthorpe Steel
This chapter examines the recent government takeover of the Scunthorpe steel plant, highlighting the imminent closure of its blast furnaces and the reasons behind this crisis. It discusses the complexities of managing the facility under new government powers, the financial challenges faced by the Chinese-owned company Jingye, and the ongoing debate over potential sabotage allegations. The narrative reflects on the historical context of British Steel's decline and raises questions about the effectiveness of government support for an industry long viewed as unproductive.
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