Politics

Chinese firm seeks compensation over British Steel nationalisation

Jingye said it will take action "through legal means to the very end" after the UK government nationalised British Steel.

The former proprietor of British Steel has announced its intention to seek restitution from the British government following the nationalisation of the financially struggling company.

The United Kingdom assumed control of the Scunthorpe steel

british steel nationalisationjingye group compensationuk-china relationssteel industry ukindustrial policystate ownershipgovernment interventioneconomic dispute