British Steel

British Steel Nationalisation Draws China Warning

The United Kingdom (hereinafter: UK) government has nationalised British Steel, taking full public ownership of the Scunthorpe steelworks previously held by Chinese conglomerate Jingye Group. China’s Ministry of Commerce responded on 18 July 2026 by stating that Beijing would take unspecified countermeasures, framing the nationalisation as a violation of market principles and an infringement of...