China’s Jingye seeks compensation from UK over British Steel takeover

The Guardian11 jun 2026Markt
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Jingye Steel initiated formal consultation procedures under the China-UK bilateral investment treaty, with industry sources indicating it is seeking more than £1bn in compensation. The move follows the UK government’s announcement last April that it was taking control of the Scunthorpe plant on national security grounds, a decision that Keir Starmer later escalated to a full nationalisation plan.