Business
Government set to nationalise troubled steel firm
Production at SSUK sites in South Yorkshire and the West Midlands was paused earlier this year.
BBC Business•
Production was halted at Speciality Steel's sites in Rotherham (pictured), Stocksbridge and Wednesbury earlier this year
A plan to nationalise the UK's third-largest steelworks is being developed by the government, MPs have been told.
Business Secretary Jonathan Reynolds told the House of Commons ministers were looking to acquire Speciality Steel UK (SSUK), which has sites in Stocksbridge and Rotherham in South Yorkshire and Wednesbury in the West Midlands.
Reynolds told the Commons: "Having concluded that we cannot support the preferred bidder's proposal, we are faced with a choice.