The Scunthorpe steelworks has been officially nationalised under new government powers passed this week.

British Steel has been taken into public ownership from Chinese owner Jingye to protect jobs and domestic steelmaking. According to Sky News, the primary source of primary steelmaking in the country was formally taken into public ownership

The world economy is built on steel. Globally, an estimated 1.9 billion tons of steel are used annually for buildings, bridges, automobiles, and heavy machinery. Specialty metals have replaced steel in some limited cases, but the long-term demand for steel ...

The new legislation would see Scunthorpe-based British Steel brought into public ownership.

During the war, Israel attacked Iran’s steel plants, saying they provided forces with revenue and the means to make weapons, but it also hurt the civilian economy.

Steel workers gaze on as molten steel is poured from ladle to casts at Homestead Steel Works, December 31, 1914. PD Andrew Carnegie's relentless efforts to drive down costs and undersell the competition made his steel mills the most modern in the world ...