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UK British Steel nationalization dispute 2026

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FIRST ENTRY JUL 19
JUL 19 · Day 1

Chinese company demands compensation from UK over British Steel nationalization

The British government took operational control of British Steel last year.

Jingye Group said the nationalization tarnished the credibility of the British government and caused great losses to the company and British taxpayers.

Jingye Group demanded compensation from the U.K. government for investment losses following the nationalization of British Steel.

“China urges the UK to earnestly respect market principles and the spirit of contract, and find solutions on compensation and other issues acceptable to both sides,”
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