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China criticizes nationalization of British Steel, UK Steel backs move-金属展-钢铁展-冶金展--Metal Exhibition-Steel Exhibition-2027&nb
sp;China (Guangzhou) International Metal & Metallurgy Industry Exhibition
7/21/2026 金属展-冶金展-钢铁展-steel expo-metal & metallurgy expo |
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Mixed reactions emerge to British Steel''s nationalization. China has criticized the UK government''s decision tonationalize British Steel, calling the move harmful to Chinese investors, while UK-based trade association UKSteel has welcomed the measure as a necessary step to safeguard the country''s steelmaking capability.
The UK government formally brought British Steel into public ownership on July 16, taking full control of theloss-making steelmaker after concluding that nationalization was necessary to protect domestic steel productionand the national interest, as SteelOrbis previously reported
China condemns nationalization
According to a report by Reuters, China''s Ministry of Commerce said it "firmly opposes and strongly disapproves" of the UK''s decision to nationalize British Steel, which had previously been owned by Chinesesteelmaker Jingye. The ministry said the British government had "forcibly" taken over the company while disregarding Jingye''s contributions to the UK economy and society.
According to the ministry, the move has "seriously damaged" Jingye''s legitimate rights and interests and"severely undermined" the confidence of Chinese companies investing in the UK.
China urged the UK to fufill its obligations under the China-UK Investment Protection Agreement and said it would closely monitor developments while supporting Chinese companies in protecting their legitimate rights and interests. However, the ministry did not specify what measures such support could involve.
UK Steel welcomes government ownership
UK Steel welcomed the government''s decision, describing it as an important milestone for one of the country''smost strategically significant industries. The association said bringing British Steel into public ownershipprovides certainty for employees, customers and the wider supply chain while protecting a key part of the UK''sindustrial base.
While welcoming the nationalization, UK Steel stressed that public ownership should serve as the beginning ofa long-term strategy rather than the final objective. The association called for investment in modernizing BritishStee''s operations, supporting the transition to low-carbon steelmaking and addressing the UK''s high industrial energy costs.
UK Steel said that, with appropriate investment and supportive government policies, British Steel can secure asustainable future, continue supporting thousands of skilled jobs and play a central role in the UK''s industrial and decarbonization ambitions.
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