Chinese company demands compensation from U.K. over British Steel nationalization
July 20, 2026
BEIJING — The Chinese company that formerly owned British Steel demanded compensation Sunday from the U.K. government for investment losses following the nationalization of the manufacturer last week.
The British government took operational control of the company last year after Jingye Group said it was considering closing the blast furnaces at its Scunthorpe plant in northern England, the last in the United Kingdom to make “virgin steel” from raw materials.…
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