Parent company acquired British Steel

Jingye group is the parent of Lide MIM powder material. Jingye group completed the acquisition cermony on 9 March 2020.

The participants were Mr. Alok Sharma, Minister of Industry of the United Kingdom, Mr. Liu Xiaoming, Chinese Ambassador to the United Kingdom, Mr. Li Ganpo, Chairman of the Dedicated Group , bankruptcy administrator, trade union, local government representatives, all the senior management teams and employees of British Steel Representative, member of Jingye Group's acquisition project. The senior management team of the Jingye Group participated in the domestic video conference.

Jingye Group has previously promised to inject £ 1.2 billion (approximately RMB 10.818 billion) into British Steel in the next ten years to guarantee its 5000 direct jobs and about 20,000 jobs in the industry chain.