UK signals it may block payout to British Steel owner
Chinese firm Jingye is seeking compensation after the government decided to nationalise the company.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"Revitalising our steel sector is a top priority for this country, and the Steel Industry Bill is the first step to securing our steelmaking capability which will allow us to secure the future of British Steel and explore possible options to modernise the industry."
— spokesperson , Executive
"Jingye has recently initiated consultation procedures under the bilateral investment treaty with the UK government."
— Jingye Group , Executive
"the company reserves all of its legal rights under both international law and domestic legislation and may pursue additional legal action against the responsible parties if necessary."
— Jingye , Executive
"посочва, че се запазва правото да предприеме допълнителни правни действия, за да защити всички свои законни права."
— Дзинйе , Executive
Key People
Jingye is a Chinese firm seeking compensation after the nationalization of British Steel.
Jingye Group is a Chinese steel manufacturing company that owns British Steel.
British Prime Minister and leader of the Labour Party.
A representative from the Department for Business and Trade.
Китайска стоманодобивна компания, собственик на 'Бритиш стийл'.
Tags
All Coverage
Chinese firm Jingye is seeking compensation after the government decided to nationalise the company.
Jingye Steel has initiated consultation procedures under the bilateral investment treaty with the UK government, seeking compensation for losses incurred after the UK nationalised British Steel.
Jingye has started consultation procedures with the British government, seeking recompense after its £1.2 billion investment was wiped out following the state takeover of British Steel.
Jingye, le propriétaire chinois de British Steel, a exigé une compensation intégrale de la part du gouvernement britannique pour les pertes liées aux investissements effectués avant que Londres ne reprenne le contrôle de l'aciérie l'année dernière.
Chinese steelmaker Jingye Steel Co. Ltd. has issued a statement regarding the UK government's takeover of British Steel, arguing that its investments have not been fairly recognized and announcing that it is seeking compensation.
Chinese steelmaker Jingye has initiated consultations with the UK government under the Bilateral Investment Treaty framework, seeking compensation for its investment losses following the nationalization of British Steel.
Jingye Steel has requested compensation from the UK government for losses incurred after the state took control of British Steel from its Chinese owner.
Jingye, le propriétaire chinois de British Steel, a exigé une compensation intégrale de la part du gouvernement britannique pour les pertes liées aux investissements effectués avant que Londres ne reprenne le contrôle de l'aciérie l'année dernière.
Similar Stories
Related coverage based on topic and tags
Ferguson shipyard to cut a quarter of its workforce
The state-owned yard on the Clyde will lose 70 of its 283 staff through a voluntary redundancy process.
August 18, 2026 at 12:56 PMChina orders entities not to assist EU's JD.com probe - Reuters
China orders entities not to assist EU's JD.com probe Reuters
August 19, 2026 at 12:59 PMUK defends seizing shadow fleet tanker after Putin threat
The UK government says it is "disrupting and deterring shadow fleet vessels" in accordance with the law.
August 13, 2026 at 11:05 AMThyssenkrupp in advanced talks to adjust funding for €3 billion green steel plant - reuters.com
Thyssenkrupp in advanced talks to adjust funding for €3 billion green steel plant reuters.com
August 13, 2026 at 07:49 AMChina's Chery Automobile to set up UK research centre - Reuters
China's Chery Automobile to set up UK research centre Reuters
August 19, 2026 at 08:07 AMChina's easing steel output reflects divergent demand drivers - Reuters
China's easing steel output reflects divergent demand drivers Reuters
August 18, 2026 at 06:01 AM