China Demands Compensation from UK Over Nationalization of British Steel, Citing Investment Losses

A Chinese company is demanding compensation from the United Kingdom government for investment losses following the nationalization of British Steel last week. Jingye Steel urged the UK to cease 'trampling on international investment rules' and to fully compensate the company for all incurred investment losses. The UK government nationalized British Steel to protect national steelmaking capacity and prevent the Chinese owners from closing blast furnaces.