Business · 11 June 2026

UK faces £1bn claim from China over steel

Pexels / Mike van Schoonderwalt

A Chinese firm is demanding over £1 billion from the UK government, a dispute that could strain relations between the two countries. Jingye Steel, British Steel's owner, started a formal process on Thursday using an international treaty after the UK nationalised the Scunthorpe plant. The government took control last April, fearing 2,700 job losses if Jingye closed the works.

By BriefTea Editorial · 11 June 2026 at 20:23

Reported by Guardian · How we write briefs

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