British Steel coronavirus (Covid-19) update
British Steel CEO Ron Deelen today issued the following update: “The coronavirus is shaping how we all lead our daily lives and we’ve robust and flexible plans in place to protect our employees, customers, suppliers and the communities in which we...
Jingye completes acquisition of British Steel
Jingye Group, a leading Chinese steelmaker, today heralded a successful future for British Steel after completing the acquisition of the company’s UK and Netherlands assets from the Official Receiver. Jingye has pledged to invest £1.2 billion to place the business on...
Jingye agrees conditional completion of British Steel acquisition
Jingye Group, a leading Chinese steelmaker, is pleased to announce that it has agreed to proceed towards the completion of its purchase of British Steel from the Official Receiver. The completion will take place on 9 March, preserving 3,200 high-skilled jobs...
Wire 2020 exhibition postponed
Messe Düsseldorf GmbH has announced that wire and Tube 2020 will be postponed until further notice as a precaution against the further spread of the coronavirus. The organisers advised: “The company will promptly discuss alternative trade fair dates in order to...
British Steel and FN Steel to showcase comprehensive product and service offering at Wire 2020
British Steel will be joining forces with sister company FN Steel to promote their expanded product and service portfolio at the upcoming wire 2020 exhibition in Düsseldorf, Germany. Running from 30 March–3 April, the wire and Tube fair takes place every...
REIDsteel confirms backing for British Steel
British Steel are delighted to have received a pledge from REIDsteel, the leading international structural steel firm, to make British Steel its primary long-term supplier. John Reid & Sons Ltd (REIDsteel) has made a policy decision to use British Steel’s products...
Jingye Group statement on agreement to acquire British Steel
Jingye Group has released the below statement regarding the acquisition of British Steel: (London, Scunthorpe) Jingye Group, a leading Chinese steelmaker, is pleased to announce that it has exchanged contracts and reached an agreement to acquire certain assets of British Steel. The agreement...
Update on sale of British Steel
The Official Receiver and Special Managers from EY, Sam Woodward, Hunter Kelly and Alan Hudson, can confirm that contracts have been entered into with Jingye Steel (UK) Ltd and Jingye Steel (UK) Holding Ltd (together, Jingye), to acquire the business and assets...