China's Jingye Group said on Sunday it will pursue all available legal remedies, including international arbitration, to safeguard its lawful rights after the British government nationalized British Steel, a company previously owned by the Chinese steelmaker.

British Steel was previously owned by the Chinese company Jingye

The U.K. government has nationalized British Steel to protect the nation’s steelmaking capacity

British Steel was previously owned by the Chinese company Jingye