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RE: LeoThread 2025-04-06 15:25

in LeoFinance6 months ago

Part 2/9:

Established in 1967, British Steel was a titan of industry, employing around 350,000 people at its peak. The firm symbolized the United Kingdom's pivotal role during the Industrial Revolution, contributing significantly to its economy and national identity. However, over the decades, this once-mighty institution has dwindled in both labor force and operational capability, with employment reduced to just about 4,000 and only two blast furnaces remaining in Scunthorpe.

A Turning Point: The Sale to Jingye Group