jingye is ranked 217th in scale among large enterprises in china, with assets of £a.a billion — and planseeling the heat for six months now. since going into liquidation in may, it's been propped up by the government. several rescue deals have already failed, but there's new hope for the £70 million offer from chinese firm jingye group. what we want to see is an investor likejingye putting significant investment into british steel, not just for today and tomorrow, but for the longer term. we could easily be back here in three years or five years time and say, it's happened again, looking for a new buyer. what we need to see is an investor who is in it for the long term. from what i understand, jingye is just that company. british steel has around a,500 employees at its scunthorpe and teesside sites — with a further 20,000 people working in the supply chain, many of whom have rallied to save the firm. today's announcement brings hope after months of uncertainty. the majority have been told, everyone is happy because we are still injobs. it's been a big concern, nobody knowing what's going