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The Latest Breaking News from Jingye

China warns confidence in UK investment 'undermined’ by British Steel takeover

China said on Friday it strongly disapproves of the United Kingdom's decision ‌to nationalise British Steel and urged fair treatment for Chinese firms operating in the UK.

Radio France Internationale

'We will have to share the water': a quarter of small waterways in France have run dry

PRESS REVIEW – Friday, July 17: China reacts after the UK nationalises its last remaining virgin steel factory, expropriating Chinese Jingye Group. In other news, low rainfall in May followed by three intense heatwaves have 100 French departments under water restrictions. Also, in Central Asia, a team of Spanish scientists…

France 24

Global tech stocks fall as chip sell-off deepens; mortgage rates rise amid renewed Middle East tensions - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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China ‘strongly dissatisfied’ with nationalisation of British Steel

Move dealt ‘severe blow to Chinese companies’ confidence in investing in the UK’, says Ministry of Commerce

The Guardian - UK

China ‘firmly opposes’ UK nationalisation of British Steel

The UK government announced on Thursday that it had passed legislation to nationalise British Steel, previously owned by China’s Jingye Group, to protect the country’s steelmaking capacity after Jingye moved to shut the company’s blast furnaces.

Euronews

China ‘strongly dissatisfied’ following decision to nationalise British Steel

The UK Government announced it had brought British Steel under public ownership to protect the ‘future of steel production’.

Evening Standard

China ‘strongly dissatisfied’ with UK government nationalising British Steel

The UK Government announced it had brought British Steel under public ownership to protect the ‘future of steel production’.

The Independent UK

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UK nationalises Chinese-owned British Steel to protect nation's steelmaking capacity

The United Kingdom government has nationalised British Steel to secure its steelmaking capacity. This move protects thousands of jobs and the nation's vital supply of domestically produced steel. The government took operational control after the Chinese owners considered closing the plant's blast furnaces. These furnaces are the last in the…

The Economic Times

UK nationalizes Chinese-owned British Steel to protect nation's steelmaking capacity

The U.K. government has nationalized British Steel to protect the nation’s steelmaking capacity

The Independent UK

British Steel is taken into public ownership to save UK supply

Scunthorpe factory expropriated from China’s Jingye and ministers will ask a valuer to assess compensation

The Guardian - UK

China’s Jingye seeks compensation from UK over British Steel takeover

Sources say firm is asking for more than £1bn in row that could put pressure on two countries’ relationship

The Guardian - UK

Business news shorts: Dua Lipa sues Samsung for £11m, what next for British Steel, and airlines slash prices

Dua Lipa sues Samsung for £11m, what next for British Steel, and airlines slash prices to lure worried holidaymakers: this week’s business news in brief

Evening Standard

British Steel nationalisation: what went wrong, and what happens now?

Keir Starmer’s plan for full state ownership marks latest chapter in Scunthorpe plant’s troubled history

The Guardian - UK

British Steel: more questions than answers on the future

Hard decisions over a possible sale and future subsidies loom now full nationalisation is on the cards

The Guardian - UK

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Evening Standard

British Steel set to be nationalised as Government mulls future for Scunthorpe

New powers could be used to nationalise British Steel, 38 years since the firm was first sold off.

The Guardian - UK

Full nationalisation of British Steel expected in king’s speech

Officials reportedly drafting legislation likely to safeguard Britain’s last blast furnaces and save thousands of jobs

The Guardian - UK

British Steel on track to be fully nationalised within weeks

UK plans to take economic control from Chinese owner Jingye a year after stepping in to run plant, sources say

The Guardian - UK

Taxpayer bill for saving Scunthorpe steel furnaces could top £1.5bn by 2028, auditor says

National Audit Office highlights benefits of state rescue for jobs and orders but warns of continuing high cost

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The Guardian - UK

‘We need to accept the cost’: future of British Steel unclear as bills for government build up

Propping up operations at Scunthorpe site, still legally owned by Jingye, now costs over £1.2m a day – so what are the options?

The Guardian - UK

UK investor Michael Flacks ‘very interested in British Steel takeover’

Businessman, who says he is a ‘big, bullish believer’, would combine Scunthorpe steelworks with Italian plant

The Guardian - UK

Cost of taking over British Steel rises to £235m, government says

Taxpayers have been footing bill for loss-making company since April as minister acknowledges threat of EU tariffs

The Guardian - UK

Tata bought slabs from rival British Steel as it sought to beat Trump tariff plans

Sale of product from Scunthorpe plant came when Indian-owned firm tried to avoid US rules that were later dropped

Evening Standard

Uncertainty continues over steel tariffs after Trump deal

The promised elimination of steel and aluminium tariffs was not part of the measures announced by Donald Trump during a meeting with Sir Keir Starmer.

Evening Standard

Work to get US steel tariffs removed to go on in coming ‘days, weeks and months’

US tariffs for the steel industry will stand at 25% for now.

The Independent UK

Rail deal worth £500m will help save Scunthorpe steelworks, says minister

Transport Secretary Heidi Alexander is visiting the Scunthorpe plant to finalise a major rail steel deal between Network Rail and British Steel.

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