UK plans to take economic control from Chinese owner Jingye a year after stepping in to run plant, sources say UK plans to take economic control from Chinese owner Jingye a year after stepping in to run plant, sources say British Steel is on track to be fully nationalised within weeks, the Guardian understands, a year after the government took over the daily running of the loss-making business from its Chinese owner. The steelmaker, which employs 3,500 people at its plant in Scunthorpe, was