British Steel goes into administration | Business| Economy and finance news from a German perspective | DW | 22.05.2019
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Business

British Steel goes into administration

British Steel has fallen into administration after talks with the UK government over an emergency loan broke down. 5,000 jobs are directly at risk, as well as an additional 20,000 jobs in the company's supply chain. The company says overseas orders have dropped steeply due to uncertainy over Brexit. The UK steel industry has been in decline for decades. The latest news may spell the end.

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