Jingye Group, a leading Chinese steelmaker, is pleased to announce that it has exchanged contracts and reached an agreement to acquire certain assets of British Steel.

The Official Receiver and Special Managers from EY, Sam Woodward, Hunter Kelly and Alan Hudson, can confirm that contracts have been entered into with Jingye Steel (UK) Ltd and Jingye Steel (UK) Holding Ltd (together, Jingye), to acquire the business and assets of British Steel Limited (in liquidation) (BSL), including the steelworks at Scunthorpe and UK mills and the subsidiary businesses of FN Steel, British Steel France and TSP Engineering. It is anticipated that the shares owned by BSL in Redcar Bulk Terminal Limited will also be included in the sale.
source= https://railway-news.com/update-on-sale-of-british-steel-jingye-steel/