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China warns UK over British Steel nationalisation, demands fair resolution

العالم
Al Jazeera English
2026/07/18 - 14:04 502 مشاهدة
تحليل ذكي | AI Editorial Analysis

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xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoThe UK government announced that it was taking British Steel into public ownership in a bid to 'protect UK steelmaking' [Christopher Furlong/G...

The UK government nationalised British Steel on Thursday, fully taking over the loss-making company, then under the ownership of Jingye, on national security grounds.

هذا الخبر من Al Jazeera English. خبر يقدم أدوات ذكاء اصطناعي للتلخيص والترجمة والاستماع.

play Live Sign upShow navigation menuNavigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificWorld CupMiddle EastExplainedOpinionVideoMoreShow more sectionsFeaturesEconomySportHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelSponsored Contentplay Live Click here to searchsearchSign upNavigation menucaret-leftTrendingUS-Israel war on IranWorld Cup 2026Tracking Israel's ceasefire violationsDonald Trumpcaret-rightNewsChina warns UK over British Steel nationalisation, demands fair resolutionChinese company Jingye is seeking compensation after the UK’s move to fully nationalise loss-making British Steel. xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoThe UK government announced that it was taking British Steel into public ownership in a bid to 'protect UK steelmaking' [Christopher Furlong/Getty]By ReutersPublished On 18 Jul 202618 Jul 2026China’s Ministry of Foreign Affairs has said it will closely monitor the United Kingdom’s nationalisation of British Steel, previously owned by a Chinese steelmaker. The UK government nationalised British Steel on Thursday, fully taking over the loss-making company, then under the ownership of Jingye, on national security grounds. “The issue has drawn widespread attention in China,” the Chinese Foreign Ministry said in a statement on Saturday. “How Britain handles the matter will directly affect Chinese investors’ confidence in the UK’s investment climate and shape public perceptions in China of the British government’s credibility,” it said. The Chinese ministry also urged Britain to seek a mutually acceptable solution, including arrangements for compensation. Jingye Steel said last week it wants Britain to compensate it for losses incurred through its investment in British Steel. British Steel is the only source of primary steelmaking in the UK. It supports approximately 2,700 jobs across its main steelworks in Scunthorpe and thousands more across the wider supply chain. Jingye – which is among the 100 biggest companies in China – bought British Steel for 70 million pounds ($94m) in 2020. By 2025, Jingye said it was losing 700,000 pounds ($942,000) every day. British Steel’s nationalisation has been in the works for more than a year. In March 2025, Jingye carried out a consultation that concluded that the British Steel furnaces were not financially sustainable. The following month, it emerged that Jingye had cancelled orders for a key material used in the steelmaking process, stoking fears that it was planning to shut down the blast furnaces. Closing the Scunthorpe plant would make Britain the only G7 country without the ability to produce virgin steel. In April, the UK government took operational control of British Steel from Jingye to stop that from happening, although the Chinese company retained ownership. The UK government said on Thursday that nationalising British Steel was vital to securing jobs and supply chains, safeguarding major infrastructure projects and national security. Advertisement AboutAboutShow moreAbout UsCode of EthicsTerms and ConditionsEU/EEA Regulatory NoticePrivacy PolicyCookie PolicyCookie PreferencesAccessibility StatementSitemapWork for usConnectConnectShow moreContact UsUser Accounts HelpAdvertise with usStay ConnectedNewslettersChannel FinderTV SchedulePodcastsSubmit a TipPaid Partner ContentOur ChannelsOur ChannelsShow moreAl Jazeera ArabicAl Jazeera EnglishAl Jazeera Investigative UnitAl Jazeera MubasherAl Jazeera DocumentaryAl Jazeera BalkansAJ+Our NetworkOur NetworkShow moreAl Jazeera Centre for StudiesAl Jazeera Media InstituteLearn ArabicAl Jazeera Centre for Public Liberties & Human RightsAl Jazeera ForumAl Jazeera Hotel PartnersFollow Al Jazeera English:
المصدر: Al Jazeera English | Source: Al Jazeera English

ملاحظة تحريرية | Editorial Note: نُشر هذا المقال في الأصل بواسطة Al Jazeera English. خبر (Khabr) هي منصة إعلامية أردنية مرخّصة تعمل بالذكاء الاصطناعي. نضيف قيمة تحريرية من خلال: تحليل ذكي للأخبار، ملخصات تلقائية، رواية صوتية بالذكاء الاصطناعي، ترجمة متعددة اللغات، وتدقيق الحقائق. هدفنا جعل الأخبار أكثر وضوحاً وسهولةً للقارئ العربي.

This article was originally published by Al Jazeera English. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.

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المزيد عن العالم | More on World

هذا الخبر ضمن تغطية خبر لقسم العالم. نقدّم لك تحليلات ذكية وملخصات يومية لأهم الأخبار من مصادر موثوقة متعددة. المصدر: Al Jazeera English. يوجد 6 مقالات مرتبطة بهذا الموضوع.

This article is part of Khabr's coverage of World. We provide AI-powered analysis, summaries, and multi-source aggregation to keep you informed. Source: Al Jazeera English.

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