Without the Chinks, 4000 AMDK in UK will be out of jobs...

[AhMeng]

https://www.bbc.com/news/business-50369413

British Steel is set to announce a rescue deal with China's Jingye Group, which could safeguard up to 4,000 jobs in the UK.

Jingye Group has agreed in principle to buy British Steel for £70m.

It is understood that the government will help in the form of loan guarantees and other financial support.

British Steel has been kept running by the government since May when the company went into liquidation.

As well as employing 4,000 people at its Scunthorpe and Teeside sites, British Steel supports an additional 20,000 jobs in the supply chain.

 

[syed putra]

I believe british steel have been on the brink for many decades already. Like on the death bed. Cannot compete due to inefficient mills.