UK government to nationalise Speciality Steel UK, safeguarding 1,300 jobs

The UK government announced it will take over Speciality Steel UK (SSUK), a Yorkshire-based steelmaker that entered administration last year after failing to find a buyer. The move protects 1,300 jobs across South Yorkshire and the West Midlands, marking a significant state intervention in the steel sector. This follows a pattern of government support for strategic industries, but the acquisition's terms and long-term viability remain uncertain.