Chinese firm seeks compensation over British Steel nationalisation. China’s Jingye demands payout over British Steel nationalisation Financial TimesChinese firm seeks compensation over British Steel nationalisation.
Al JazeeraChina says it will take measures on UK's nationalisation of British Steel Reuters China’s Jingye demands payout over British Steel nationalisation Financial Times China’s Jingye demands payout over British Steel nationalisation - Financial Times Chinese company demands compensation from the UK over British Steel nationalization Yahoo Finance Chinese company demands co.
Details
Image source, PA MediaByRachel Clun, Business reporter and Meghan Owen, Business correspondentPublished19 July 2026The former owner of British Steel has said it will pursue the British government for compensation after the loss-making firm was nationalised.
The government took control of British Steel operations in April 2025, but until this week it remained under Jingye's ownership which limited the government's ability to shape the firm's future.
China hit out at the nationalisation of British Steel on Friday, saying it "firmly opposes and is strongly dissatisfied with the British government's decision".
"We highly value our relationship with China and remain open to Chinese investment, and we will continue to work together to deliver a successful trading relationship that provides the best opportunities for British businesses," they added.
Jingye bought the Lincolnshire steel plant in 2020, but in March last year the firm launched a consultation on its closure saying the plant was losing £700,000 a day.
The decision to nationalise British Steel has threatened to strain the relationship between London and Beijing just as Andy Burnham prepares to enter Downing Street as prime minister on Monday.
British Steel nationalisation 'will protect future generations', in a development tied to the same story.
Separately, British Steel was last under state ownership in 1988 when it was privatised by Prime Minister Margaret Thatcher's government.
Statements
«full compensation through legal means to the very end»
Context
Why has British Steel been nationalised.
A UK government spokesperson said on Friday that commercial negotiations with the Chinese steelmaker had failed to reach an agreement "that represented value to the taxpayer".
Available information indicates that China hits out at British Steel nationalisationPublished6 days ago.
British Steel taken into public ownership to protect 'vital' UK supply, in a development tied to the same story.
Separately, The statement added that Beijing would support Chinese firms to protect their rights, but did not detail what that might involve.
over British Steel nationalization Los Angeles TimesWhy is China protesting about the nationalisation of British Steel.
China’s Jingye demands payout over British Steel nationalisation, according to the latest reporting on the story.
Available information indicates that Chinese company demands compensation from U.K.
Available information indicates that British Steel was last under state ownership in 1988 when it was privatised by Prime Minister Margaret Thatcher's government.
Available information indicates that The statement added that Beijing would support Chinese firms to protect their rights, but did not detail what that might involve.
Separately, China’s Jingye demands payout over British Steel nationalisation.
Available information indicates that Why has British Steel been nationalised.
Separately, British Steel taken into public ownership to protect 'vital' UK supply.
Officials and markets are watching the next confirmed developments.
