British Steel taken into public ownership to protect ‘vital’ UK supply
British Steel has been taken into public ownership in a move the government said would protect jobs and safeguard "a vital national capability".
Boyd, whose company buys thousands of tonnes from British Steel each year, told the BBC's Today programme Jingye had been "sabotaging the infrastructure" at the company and the government "had to step in".
He said the government would need to invest heavily in British Steel and would not see a return for 10-20 years.
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