Butting, a German steel pipe manufacturer, invests $61M in Alabama, creating 100 jobs and establishing its North American headquarters and production facility.

“But I’m still here,” he says. “I ain't giving up.

Nippon agreed to give a "golden share" to the US government to win approval of the takeover.

British Steel has secured a five-year contract worth £500m to supply train tracks for Network Rail, in a move which could help safeguard the short-term future of the Scunthorpe steelworks.