China’s Jingye Group, which took control of British Steel early this year, is reported to be looking to acquire the remaining part of Tata Steel’s assets in the UK, in a move that would give the Chinese group, control over British steel industry.
A Sky News report said Jingye has expressed interest in the vast Port Talbot plant in South Wales, which is far bigger than British Steel’s Scunthorpe steelworks, and has even communicated its interest to Tata Steel UK’s parent in India.
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