The Guardian11 Jun 2026Market
Automatically composed with AI from the cited sources
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.