The Chinese company that formerly owned British Steel Ltd yesterday demanded compensation from the British government for investment losses following the nationalization of the manufacturer last week. The British government took operational control of the company last year after Jingye Group Co (敬業集

The UK government has nationalized British Steel after talks with owner Jingye collapsed, protecting jobs at the Scunthorpe plant.

China’s Ministry of Commerce has expressed opposition to the British government's nationalization of British Steel, saying the move seriously harms the legitimate rights and…