Business & Markets
Jingye demands compensation after UK takes control of British Steel
China's Jingye Steel demanded compensation and threatened the UK government with legal action on Sunday after London took control of British Steel from the Chinese firm. Jingye said in a statement on its official WeChat account that it reserved its legal rights and would continue seeking full compensation through legal means.
Update
Jingye Steel demanded compensation from the UK government.
Jingye threatened legal action after London took control of British Steel from the Chinese firm.
Jingye made the statement on its official WeChat account.
Jingye said it reserved its legal rights and would pursue full compensation through legal means.
Source note: AFP news report published on 19 July 2026 at 04:56:10 UTC.
Uncertainty notes
The source did not specify the amount of compensation sought or the exact legal steps Jingye may take.
Source
AFP news report published on .