Government moves to nationalise Speciality Steel UK to protect 1,300 jobs

Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyer

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One of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK).

Jonathan Reynolds, the business secretary, said officials will “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge, Brinsworth and Wednesbury.