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UK Government Proposes Legislation to Nationalize Chinese-Owned UK Steel

GateNews

2026-05-14 07:39:39

According to China’s Ministry of Commerce, the UK government recently proposed legislation to nationalize UK Steel, currently owned by China’s Jingye Group. The ministry stated that the government has supervised the company for over a year and urged the UK to respect the enterprises’ wishes, follow market principles, and avoid abusing administrative coercion. China emphasized the need for a fair, non-discriminatory solution acceptable to both parties, highlighting Jingye’s significant investments in UK Steel and contributions to the UK economy. The ministry warned it would closely monitor developments and take measures to protect Chinese enterprises’ legitimate rights.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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