European steel leaders seek scrutiny of Chinese British Steel rescue
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LONDON (Reuters) - European steel lobby Eurofer plans to raise concerns with the European Commission over Chinese group Jingye's proposed rescue of British Steel, saying the deal may flout rules on fair competition.In what would be the first takeover by a Chinese company of steel mills in the European Union, Jingye said on Monday it had reached a provisional agreement to buy British Steel and promised to invest 1.2 billion pounds over the next decade.The deal, which requires regulatory approval,..