The government is set to take ownership of steelmaker SSUK in a move to bring the troubled company into public hands.
Production at SSUK facilities in South Yorkshire and the West Midlands was suspended earlier this year, a development that raised concerns about the future of operations and jobs at the sites.
Officials have not released full details of the planned nationalisation, including the timetable or the precise terms under which the state will assume control. Company and government statements about next steps have been limited.
The decision marks a significant intervention by the state in the steel sector and will be closely monitored by workers, local authorities and wider industry stakeholders as more information becomes available.