British Steel Finds A Buyer

News that British Steel has a buyer hit the headlines in the UK this week. A Turkish pension fund firm subsidiary has emerged as the frontrunner in the preferred buyer selection process of the British Government – Oyak already owns 49.3% of Turkey’s largest steelmaker, Erdemir, as well as a range of mining and manufacturing assets. Turkey is known as a big player in Europe within the specialist metals industry. Read more here.