Jingye completes acquisition of British Steel saving 3, 200 jobs

Jingye who completed the acquisition of British Steel saving 3200 jobs, but the rescue deal give only control of the manufacturer’s British and Dutch sites not its factory in Hayange, in northern France. Li  Huiming CEO of Jingye.

British Steel’s Hayange plant is deemed a strategic national asset by France as it supplies rail for the state-owned SNCF network.