The Chinese group Jingye has stated that it firmly defends its legal rights and interests and intends to achieve full compensation through litigation.
The Jingye group acquired British Steel in 2020. However, in April 2025, the British government effectively took control of the enterprise to prevent the closure of the country's last two coal blast furnaces located in Scunthorpe, northern England.
In May, London confirmed its intention to nationalize the company, citing reasons related to 'national security'. This decision received royal approval on Thursday, concluding the final stage of the legislative process in the UK.
The First Minister, Keir Starmer, stated that this measure 'ensures the future of steel production in the UK, protects skilled jobs, and preserves vital national capability.'
China's Ministry of Commerce reacted on Friday, expressing 'strong dissatisfaction' in its statement. It accused London of forcibly seizing control of British Steel 'under the pretext of national security.'
China stated on Friday its firm disagreement and resolute condemnation of the UK's decision to nationalize British Steel, while also calling for fair treatment for Chinese firms operating in the UK.
A representative from China's Ministry of Commerce noted that the British side forcibly seized the company under the pretext of national security, completely ignoring Jingye's contribution to the economy and society of the UK.
China emphasized that this step seriously harms the legitimate rights and interests of Jingye and significantly undermines the confidence of Chinese companies in investing in the UK.
Beijing announced that it will closely monitor developments and support Chinese enterprises in defending their rights. Furthermore, China strongly urged the UK to fulfill its obligations under the investment protection agreement between China and the UK.
For its part, Jingye stated its intention to seek full compensation for its investments in the company. The UK government clarified that the amount of any compensation will be determined as a result of an independent assessment.
