
London News Today | 2 Min News | The Daily News Now!
Government Takes Over Steel Plant | London News
The UK government is taking over Speciality Steel UK to save 1,300 jobs across South Yorkshire and the West Midlands, after failed talks with a Norwegian green steel startup. The plant, once part of Sanjeev Gupta’s empire, has been idle for a year since going into administration — its collapse linked to the Greensill Capital crash. Despite monthly wage subsidies costing £3.5 million, officials deemed private bids insufficient for long-term stability. Local leaders applaud the move as a lifeline for struggling steel communities, while some politicians are caught off guard by the sudden pivot to public ownership. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Sources: https://www.theguardian.com/business/2026/sep/14/government-nationalise-speciality-steel-uk-jobs-ssuk More coverage & latest updates: https://sources.thednn.ai/1027aaa8b0d3b28c Report issues to feedback@thednn.ai.

