UK SIgns Off on British Steel Appointments After Government Takes Over Company

Britain approved British Steel's appointment of two of its long term employees to act as interim chief executive and chief commercial officer, the company said on Monday, after the government passed legislation at the weekend giving it control.
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Britain passed an emergency bill on Saturday after the government said British Steel's owners, China's Jingye Group (600768.SS), opens new tab, had wanted to shut the furnaces at the Scunthorpe plant after rejecting a government funding proposal.

British Steel said on Monday that Allan Bell, who has worked at the Scunthorpe plant for 14 years, had been appointed interim chief executive, while Lisa Coulson, who worked at the site for 19 years, will act as interim chief commercial officer.

Beege Welborn

The only other virgin steel producer left in the UK is India's Tata. They are squeezing themselves thin on that island.

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