Why has British Steel been nationalised?

Why has British Steel been nationalised? British Steel has been taken into public ownership after years of uncertainty over the future of the steelworks. It comes months after the UK government took control of the company's plant in Scunthorpe, Lincolnshire, though it was still owned by China's Jingye Group. What is British Steel and why is it important? British Steel's Scunthorpe plant employs 2,700 people, about three-quarters of the company's workforce.