British steel

China’s Jingye Steel is seeking compensation from the UK government over the nationalization of a steel production complex in England. The UK cited national security concerns to justify taking control of British Steel, prompting criticism from the Chinese government, which warned it would affect Chinese investors’ perception of the UK.

A Chinese company that formerly owned British Steel is demanding compensation from the UK government for investment losses after the nationalisation of the manufacturer. The UK government took operational control of the company following concerns about potential closures at the Scunthorpe plant.

China’s Jingye is demanding compensation from the UK government over the nationalisation of British Steel. The UK government is accused of ignoring Jingye’s investment and providing 'almost zero compensation'.

The UK government nationalized British Steel to prevent its closure. China's Jingye Group, which acquired the company in 2020, is seeking compensation for the state takeover.

A Chinese company demands compensation from the UK government for investment losses after the nationalization of British Steel. The UK government took operational control of the company, citing job preservation and national interest, while the Chinese firm claims the move violated international investment rules.

Jingye Group, the former owner of British Steel, is demanding compensation from the UK government for investment losses following the nationalization of British Steel. The company seeks redress for financial impacts caused by the UK's recent takeover.

Jingye Steel Co. has reserved all legal rights, including international arbitration, over the UK government’s nationalization of British Steel.

China has warned the UK against the nationalization of British Steel, with Jingye seeking compensation after the UK fully took over the loss-making company, citing security risks as the reason.

China's government expressed 'strong dissatisfaction' over the UK's nationalisation of British Steel, stating the move dealt a 'severe blow' to Chinese companies' confidence in UK investments. The UK government took control of British Steel to prevent its closure and protect 4,000 jobs.

China criticizes the government for nationalizing British Steel from a Chinese firm, citing the need to protect the future of blast furnaces. The move involves transferring ownership of the steel company to safeguard its industrial operations.

China criticized the UK's decision to nationalize British Steel, while the UK government stated the move would protect a 'vital national capability'.

China has rebuked the UK for nationalizing British Steel. The UK took control of its last working steelworks due to concerns that its former Chinese owners would close it.

The UK government has nationalized British Steel to protect the nation’s steelmaking capacity after its Chinese owner, Jingye Group, sought to shut the Scunthorpe plant’s blast furnaces. The move aims to preserve jobs and ensure domestic steel supply for construction and defense, with operational control taken last year following plans to close the UK’s last virgin steel production facility.

Starmer, the outgoing PM, nationalises British Steel and visits Ukraine on his last full day as Labour leader before Andy Burnham takes over. Green Party leader Zack Polanski criticizes reports suggesting Burnham's chancellor would be subservient to the City of London, warning of a Labour Party aligned with bankers.

The UK government nationalized British Steel, owned by China’s Jingye Group, to prevent the closure of its blast furnaces and protect domestic steel production critical for construction and defense. The move aims to save 2,700 jobs and establish a sustainable steel sector, with an independent evaluation to assess compensation for Jingye Group.

The UK government has nationalized British Steel, a Chinese-owned company, to safeguard the nation's steelmaking capacity.

Andy Burnham is set to become Labour leader, with uncertainty surrounding his government's structure and cabinet appointments. A budget is expected in October, and Shabana Mahmood is a leading candidate for the Treasury role. The renationalization of British Steel could spark a diplomatic issue with China, while Keir Starmer's final trip to Kyiv raises questions about his relationship with Volodymyr Zelenskyy.

British Steel has been taken into public ownership by the UK government to prevent the closure of its Scunthorpe factory and the loss of 4,000 jobs. The expropriation from China’s Jingye follows a 15-month government intervention, with ministers seeking a valuer to assess compensation. Keir Starmer stated the move was in the national interest, as the Steel Industry (Nationalisation) Act received Royal Assent.

The UK government has taken control of British Steel to protect steelmaking at the Scunthorpe plant, which costs taxpayers £1.3 million daily. The move aims to safeguard the UK steel industry amid financial challenges.

British Steel is set to return to public ownership as Sir Keir Starmer announced new laws granting the Government options to protect the industry and Scunthorpe workers. This follows the firm's sale 38 years ago.

British Steel's electric arc furnace, which had been delayed in China for months, has finally been shipped to Wales. The resolution addresses a prolonged logistical issue affecting the company's operations.

New UK steel tariffs have been implemented, but the industry expresses dissatisfaction. British Steel's Scunthorpe operation, which includes one of two active blast furnaces, is highlighted in the context of these tariffs.

China’s Jingye Steel is seeking over £1bn in compensation from the UK government via a bilateral investment treaty, following the UK’s nationalisation of British Steel’s Scunthorpe steelworks. The dispute could strain UK-China relations.

Miliband is accused of ruining British steel by a critic associated with the Millennium Dome. The criticism highlights concerns over the impact on the steel industry.

Chinese steelmaker Jingye Group's 2020 acquisition of British Steel for £70 million is facing political challenges as the UK government introduces a nationalization bill. The deal, intended to provide Jingye a foothold in Western markets while potentially bypassing tariffs, has become mired in political dispute.

Experts advise against paying Chinese investors for British Steel, citing concerns over the potential deal. The warning comes as the future of British Steel remains uncertain. Experts emphasize the importance of protecting British interests.

Keir Starmer is accused of shifting to the left with plans to nationalize British Steel and impose tourist taxes. The plans also involve cosying up to the EU. This shift has raised concerns among some groups.

Keir Starmer plans to nationalize British Steel, marking a new chapter in the Scunthorpe plant's history. The plan aims to bring the steel plant under full state ownership. This move is expected to be announced in an upcoming speech.

The British government has pledged to introduce legislation to renationalise British Steel's blast furnaces after failing to reach an agreement with its Chinese owner. This move is aimed at securing the future of the steel industry in the UK. The government's decision comes amid concerns over the industry's viability and job security.

The British Steel site in Scunthorpe is on a path toward full nationalization. This move may impact workers at the site. The nationalization is led by Starmer.

Keir Starmer vows to prove doubters wrong in a make-or-break leadership speech, making policy pledges including a new deal with the EU and nationalising British Steel. He warns of very dangerous opponents and says he will fight any leadership challenge. Starmer aims to provide a guaranteed offer of job training or work placement for young people.

The international community is working to stop the spread of hantavirus, while UK politics faces a tumultuous week with Labour leadership rivals positioning themselves and Nigel Farage facing scrutiny. Meanwhile, business and health news include the potential nationalisation of British Steel and calls for a four-day workweek. The US has rejected an Iranian peace proposal, sparking concerns about the conflict.

The British government is expected to announce the full nationalisation of British Steel in the King's speech, a year after taking over the daily running of the loss-making business from its Chinese owner. The steelmaker employs 3,500 people at its plant in Scunthorpe. Nationalisation is likely to safeguard Britain's last blast furnaces and save thousands of jobs.

Sev.en Global Investments, a Czech energy group owned by billionaire Pavel Tykač, is proposing a combined bid for British Steel and Speciality Steel UK to create Britain’s largest steelmaker. The company plans to invest £100m in its Cardiff electric arc steelworks and potentially hundreds of millions more in the UK under its 7 Steel brand.