China ‘firmly opposes’ UK nationalizing British Steel
China said on July 17 that it “firmly opposes” the U.K. government’s decision to take British Steel into full public ownership, with Beijing urging the country to abide by “international rules.”
Chinese firm Jingye, which bought British Steel in 2020, lost control of it last year when the U.K. government intervened at the struggling firm.
Britain’s last factory that can make steel from scratch had faced imminent closure after Jingye said the plant in Scunthorpe, northern England, was no longer financially viable.
The announcement prompted the government to step in and take control of it in April 2025 and in May this year, it said it would introduce legislation to nationalize it.
