It is still not clear when the possible takeover of British Steel by Chinese steel group Jingye will be finalised. The 4,000 staff of British Steel are still awaiting an official nod from the British Government, after Brussels based steel lobbying group Eurofer has asked the European commission to keep a watchful eye on the transaction to ensure it does not breach state aid rules.
Read more in The Guardian:
Future of British Steel hangs on thread of taxpayers cash?
Job cuts likely if Jingye buys British Steel say unions.