Scunthorpe steelworks has been owned by Corus and later Tata Steel Europe, before the British Steel name was revived by a new company in 2016. News > Business > Business News British Steel set to be rescued in £70m deal with Chinese firm. Tune into Technology Tuesdays. 4/24/2020 1:15:47 PM. The potential buyout, rumoured to be confirmed later today, could reportedly save 4,000 UK jobs. We also have an international network of regional sales teams, so our global customers receive local service.

News UK British Steel: Search begins to find rescuer for Scunthorpe plant . Jingye Group said it would save 3,200 jobs in Scunthorpe and Teesside and modernise the towns' steelworks. British Steel, the UK’s second-largest steelmaker, is going into a compulsory liquidation, just three years after the business was revived, throwing into jeopardy thousands of jobs. The news comes as British Steel reach the end of their 2-year partnerships with Lindsey Lodge Hospice in Scunthorpe and the Great North Air Ambulance Service in the North East of England. News this morning that Chinese steel producer Jingye Group has agreed in principle to purchase British Steel the Scunthorpe-headquartered business for £70m has been welcomed by its employees. Metal & steel company. Read the latest Calendar stories, Deal signed to secure future of British Steel in Scunthorpe on ITV News, videos, stories and all the latest Calendar news All the latest breaking news on British steel. Buyout of embattled Scunthorpe plant will potentially save 4,000 jobs

Always open. Thursday, 23rd May 2019, 4:53 pm. Echelon Wealthcare Principal Al Rush, instrumental in a pro-bono initiative to help steelworkers … British Steel is one of the leading steel manufacturers in Europe, producing around 3 million tonne... See more . The news comes as British Steel reach the end of their 2-year partnerships with Lindsey Lodge Hospice in Scunthorpe and the Great North Air Ambulance Service in the North East of England. Get in Touch 2020 yyyy. Today, British Steel went into liquidation, meaning up to 4,000 jobs in Scunthorpe, North Lincolnshire, 800 in Teesside and 20,000 in the UK supply chain are now at risk.

British Steel to pause production on Teesside for three weeks ITV 09:29 3-Jun-20. Thousands of jobs are at risk in Scunthorpe, as the town's steel plant faces potential closure. About See all. 6/4/2020 10:31:12 AM ... British Steel supports Materials Processing Institute road surface research project. 5,263 people like this.

The government set a deadline for the end of June to receive bids for British Steel. As well as employing 4,000 people at its Scunthorpe and Teesside sites, British Steel supports an additional 20,000 jobs in the supply chain, reported BBC News.

Police said the … Thank you for pulling together. Get Directions +44 1724 404040. www.britishsteel.co.uk. Blog. British Steel coronavirus (Covid-19) update. Posted at 14:59 24 May 2019 Government intervention 'buys time for British Steel' British Steel employees have helped generate more than £27,500 for good causes in the local communities over the last 2 years. British Steel has been rescued by a Chinese industrial giant as part of a deal worth £70 million which could safeguard up to 4,000 jobs. Media caption In Scunthorpe, residents fear the town will "shut down" if British Steel collapses.

British Steel is being rescued by a Chinese industrial giant headed by a former teacher in a deal that will safeguard 4,000 jobs and prevent the closure of the company's embattled Scunthorpe plant. British Steel is one of the leading steel manufacturers in Europe, producing around 3 million tonnes of quality steel products every year. 5,522 people follow this. By Dean Kirby. 11:47, 13 FEB 2018 We have manufacturing facilities across the UK and Europe, supplying premium products around the world. British Steel coronavirus and business update. British Steel’s plant in Scunthorpe was sold to Greybull Capital for £1 in 2016, following the worst of the steel crisis, and saving 4,000 jobs. Join Our Team. British Steel's announcement that it is to go into official receivership threatens more uncertainty for the 3,000-strong workforce at its main Scunthorpe plant. 4/27/2020 2:07:09 PM. Two men have been arrested after being seen on a roof at the British Steel works in Scunthorpe in the early hours of this morning. Brigg Road (7,422.23 km) DN16 1XA Scunthorpe. News Politics A Chinese company has now confirmed its plans to invest £1.2bn to rescue British Steel. On June 28th, I travelled to Scunthorpe, in North Lincolnshire, where the company is based. A Chinese firm has finally confirmed plans to invest £1.2bn in British Steel. News. Hours . 5,380 check-ins. Eight EU members, including Poland, appeal for aid to steel industry The First News 13:25 12-Jun-20 Banks prep launch of €10bn debt backing Thyssenkrupp unit buy Reuters.co.uk 13:15 12-Jun-20 Metal additive manufacturing goes big TheFabricator.com 13:15 12-Jun-20 300 steelworkers to be refurloughed as trading conditions remain challenging Business Live 11:15 3-Jun-20.