The UK government took operational control of British Steel from Jingye Steel in April 2025 on national security grounds. Under a plan announced by Prime Minister Keir Starmer in May, the government also paved the way for the full nationalization of the company.

Jingye Steel first publicly sought compensation from the UK government last month, 14 months after British Steel was taken under government control.

In its latest statement published on its WeChat account, the company said the UK government has yet to provide any concrete response to its compensation request.

the company said.

Jingye Steel argued that the process, from the forced takeover of British Steel to the prospect of full nationalization, clearly demonstrates the company's value.

the company said.

Jingye Steel noted that since acquiring British Steel in 2020, it has invested heavily in equipment modernization, preserving employment and supporting the company's green transition.

The company stressed that it is determined to fully recover all of its investments and will continue to pursue compensation without compromise.

Reuters