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"By nationalising British Steel, UK government will now be able to take control of company strategy and press ahead with a shift from using blast furnaces to a greener electric-arc furnace." In contrast, the US only partly controls US Steel, isn't greening it, and doesn't own it.
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The UK is to take full ownership of British Steel, Prime Minister Sir Keir Starmer said on Monday as he set out why the Labour Party should back him as leader as pressure rises for him to quit. ft.trib.al/hBHCuIr
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Todd Tucker
Financial Times