◂ Announcements

Mar 9, 2020INVESTMENTTeesside and Scunthorpe, UK, United Kingdom

Jingye plans £1.2B investment in British Steel

Jingye Group pledged to invest £1.2 billion in British Steel, including an Electric Arc Furnace in Teesside and a new 250MW power plant in Scunthorpe.

Value

$1.56B (1.20B GBP)

Status

Announced

Productssteelelectricity

CompaniesJingye British Steel partner

Sectors#Steel and Metal Products #Power Generation Equipment

“Jingye has pledged to invest £1.2 billion to place the business on a more competitive and sustainable footing.”britishsteel.co.uk

1 source
britishsteel.co.ukJingye completes acquisition of British SteelBritishMar 9, 2020

Summarized from public sources; check the original articles before acting on it.

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Jingye plans £1.2B investment in British Steel · Endata