British Steel’s Chinese owner is making a last-ditch attempt to convince French officials to allow it to buy a factory in the country, at a time of growing unease about the Asian nation's presence in European industry.
Jingye Group rescued the UK's second-largest steelmaker from bankruptcy in March following months of uncertainty, saving more than 3,000 jobs with a promise to invest £1.2bn in the business.
The deal was supposed to include a facility in north-eastern France that makes rail track, but a parallel sale process for the Hayange site was opened last year by a French court amid misgivings in Paris over the future of an asset it deems of national importance.
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