There is a case for nationalizing Stelco.
It starts in Scunthorpe in northern England, where the British government formally nationalized British Steel in July to rescue the jobs of its 4,000 employees.
London wasn’t about to let the factory’s Chinese owner, Jingye, close British Steel and sell the plant for scrap. It seized British Steel, over the fierce objections of both Jingye and Beijing, and placed the steelmaker under government ownership.
