After taking control of British Steel while leaving ownership with Chinese firm Jingye, the Govt. is now looking to nationalise BS but the level of 'compensation' to Jingye is proving fraught; the UK offered £100mn, Jingye want £1bn.
If agreement can be reached the Govt. may try to ready BS for a sale to a firm committed to revive steel making in the UK, but this seems like a risky move in the current climate.
More likely continuing state subsidies for the time being?