British Steel: Rival bidder on standby if Jingye sale fails
Image copyright Reuters Image caption The bulk of British Steel’s 4,000 staff work at the Scunthorpe plant
Turkish industrial giant Cengiz says it is ready to bid for British Steel if a planned sale to Jingye falls through.
“We are watching developments closely and are ready to make a bid for the whole of British Steel,” Cengiz said.
China’s Jingye has offered £50m for the ailing UK steel…
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