Announcement
16 Jul 2026
In July 2026, the UK government took British Steel into public ownership under the Steel Industry (Nationalisation) Act 2026.
Source
Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
Implementation date
16 Jul 2026
Revocation date:
No revocation date
Recent update from 17 Jul 2026:
On 16 July 2026, the UK government took British Steel into public ownership. With this decision, the government removed China's Jingye Group as the owner of British Steel. The forced divestment too...
Implemented: 15 Jul 2026
United Kingdom: Government enacts the Steel Industry (Nationalisation) Act to allow nationalisation of steel companies including British Steel
Announced: 12 Apr 2025
United Kingdom: Steel Industry (Special Measures) Act 2025 empowers the government to take control over steel undertakings
Announced: 12 Apr 2025
United Kingdom: Government takes control over British Steel
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