China presses for compensation as UK nationalises British Steel
Britain’s government moved to nationalise British Steel to safeguard domestic capacity and thousands of jobs at the Scunthorpe plant, a move Jingye Group (China) says tramples international investment rules and demands full compensation for losses. Beijing warned of appropriate measures to defend Chinese investors as the dispute tests China–UK ties and highlights the costs already incurred operating British Steel, with the plant facing questions over its future under a decarbonised, domestically supplied steel sector.