Jingye will spend £1.2bn over the next decade upgrading the plant and machinery, marking a "new chapter in British steelmaking".

Deal signed to secure future of British Steel in Scunthorpe

Liberty Steel Group is planning to cut 355 jobs in South Yorkshire and South
Wales in a response to "challenging market conditions".

Liberty Steel Group planning to cut hundreds of jobs in South Yorkshire

The steel giant, which has its headquarters in Scunthorpe, has said it's undergoing a "streamlining process".