Scunthorpe Steelworks, a key part of the UK's steel industry, is set to be brought into public ownership. The move, announced by Prime Minister Sir Keir Starmer, aims to secure the future of the site and its 2,700 workforce. The government has held talks with the current owner, Jingye Group, but a commercial sale has not been possible. The public interest test will now be met, and the government will take full ownership of the site. This move is seen as a vital step in securing the future of the steel industry in the UK. The steelmaking industry has welcomed the announcement, with Gareth Stace, director-general of UK Steel, saying it provides 'vital certainty' for the workforce and customers. However, Stace also emphasized that nationalization is 'not an end goal' and that a clear and credible long-term plan for British Steel is needed. The process must include an investment strategy to ensure the site's long-term viability. The government has been spending around £1.3m a day to keep the site operating, and this move aims to secure the future of the site and its workforce.