this is happening because British Steel was sold by 🇮🇳 Tata because it was unprofitable due to old equipment, so they sold to 🇨🇳 Jingye Steel who asked 🇬🇧 govt to go 50/50 on upgrades but 🇬🇧 refused so Jingye said, fine, we'll have to close
now they'll be forced to nationalize
now they'll be forced to nationalize
Keir Starmer announces the renationalisation of British Steel
1988 - Margaret Thatcher privatises British Steel
2026 - Keir Starmer renationalises British Steel
1988 - Margaret Thatcher privatises British Steel
2026 - Keir Starmer renationalises British Steel
May 11, 2026 at 10:43 PM
this is happening because British Steel was sold by 🇮🇳 Tata because it was unprofitable due to old equipment, so they sold to 🇨🇳 Jingye Steel who asked 🇬🇧 govt to go 50/50 on upgrades but 🇬🇧 refused so Jingye said, fine, we'll have to close
now they'll be forced to nationalize
now they'll be forced to nationalize
Govt demonising people on welfare but asks no questions of corporate welfare.
Examples:
Bank/Energy bailouts
£895bn QE
£5bn internet providers
£60bn renewable energy
£80bn fossil fuels
£22bn Drax
£500m Jaguar
£500m Tata Steel
£500m Jingye Steel
Farming
PPE
Many tax breaks.
Examples:
Bank/Energy bailouts
£895bn QE
£5bn internet providers
£60bn renewable energy
£80bn fossil fuels
£22bn Drax
£500m Jaguar
£500m Tata Steel
£500m Jingye Steel
Farming
PPE
Many tax breaks.
November 27, 2024 at 7:22 AM
Govt demonising people on welfare but asks no questions of corporate welfare.
Examples:
Bank/Energy bailouts
£895bn QE
£5bn internet providers
£60bn renewable energy
£80bn fossil fuels
£22bn Drax
£500m Jaguar
£500m Tata Steel
£500m Jingye Steel
Farming
PPE
Many tax breaks.
Examples:
Bank/Energy bailouts
£895bn QE
£5bn internet providers
£60bn renewable energy
£80bn fossil fuels
£22bn Drax
£500m Jaguar
£500m Tata Steel
£500m Jingye Steel
Farming
PPE
Many tax breaks.
British Steel is owned by a Chinese company called Jingye Group. Jingye acquired British Steel in March 2020, the deal included the steelworks in Scunthorpe, mills in Teesside and Skinningrove, and other subsidiaries.
April 12, 2025 at 7:22 AM
British Steel is owned by a Chinese company called Jingye Group. Jingye acquired British Steel in March 2020, the deal included the steelworks in Scunthorpe, mills in Teesside and Skinningrove, and other subsidiaries.
restrained a couple of years ago and only rapid action by British staff prevented them from- twice, shutting the plant down. Jingye operatives have been banned from the site ever since and they’re demanding around £1 billion in recompense. The government says that’s unrealistic and Jingye failed to
May 11, 2026 at 11:01 AM
restrained a couple of years ago and only rapid action by British staff prevented them from- twice, shutting the plant down. Jingye operatives have been banned from the site ever since and they’re demanding around £1 billion in recompense. The government says that’s unrealistic and Jingye failed to
British Steel crisis shows folly of privatisation and foreign ownership.
Lack of investment.
Jingye, closely linked with Chinese govt, planned to end UK steel making; process Chinese steel; make UK reliant on Chinese imports.
So much UK infrastructure is foreign owned and vulnerable.
Lack of investment.
Jingye, closely linked with Chinese govt, planned to end UK steel making; process Chinese steel; make UK reliant on Chinese imports.
So much UK infrastructure is foreign owned and vulnerable.
April 15, 2025 at 7:00 AM
British Steel crisis shows folly of privatisation and foreign ownership.
Lack of investment.
Jingye, closely linked with Chinese govt, planned to end UK steel making; process Chinese steel; make UK reliant on Chinese imports.
So much UK infrastructure is foreign owned and vulnerable.
Lack of investment.
Jingye, closely linked with Chinese govt, planned to end UK steel making; process Chinese steel; make UK reliant on Chinese imports.
So much UK infrastructure is foreign owned and vulnerable.
FT exclusive:
The UK government is on the verge of fully nationalising British Steel, almost a year on from using emergency legislation to take control of the business
www.ft.com/content/f885...
The UK government is on the verge of fully nationalising British Steel, almost a year on from using emergency legislation to take control of the business
www.ft.com/content/f885...
UK government on verge of full nationalisation of British Steel
Talks with Chinese owner Jingye continue while losses mount
www.ft.com
March 30, 2026 at 2:50 PM
FT exclusive:
The UK government is on the verge of fully nationalising British Steel, almost a year on from using emergency legislation to take control of the business
www.ft.com/content/f885...
The UK government is on the verge of fully nationalising British Steel, almost a year on from using emergency legislation to take control of the business
www.ft.com/content/f885...
British Steel on track to be fully nationalised within weeks.
Since privatisation steel companies have received subsidies; govts didn't take equity stake.
Water and energy are also vital. Need to be nationalised to promote investment, end profiteering, reduce business and household costs.
Since privatisation steel companies have received subsidies; govts didn't take equity stake.
Water and energy are also vital. Need to be nationalised to promote investment, end profiteering, reduce business and household costs.
British Steel on track to be fully nationalised within weeks
UK plans to take economic control from Chinese owner Jingye a year after stepping in to run plant, sources say
www.theguardian.com
March 31, 2026 at 6:17 AM
British Steel on track to be fully nationalised within weeks.
Since privatisation steel companies have received subsidies; govts didn't take equity stake.
Water and energy are also vital. Need to be nationalised to promote investment, end profiteering, reduce business and household costs.
Since privatisation steel companies have received subsidies; govts didn't take equity stake.
Water and energy are also vital. Need to be nationalised to promote investment, end profiteering, reduce business and household costs.
Given today’s emergency debate on rescuing British Steel, it’s worth revisiting the role of vulture fund Greybull Capital, which owned it from June 2016 until the steelmaker went bust in May 2019.
British Steel collapse: the role of Greybull Capital
The secretive investment firm also owned Monarch Airlines and Comet.
www.bbc.co.uk
April 13, 2025 at 8:45 AM
Jingye seeks compensation after UK's move to fully nationalise loss-making British Steel, citing security risks.
China warns UK over British Steel nationalisation, demands fair resolution
Jingye seeks compensation after UK's move to fully nationalise loss-making British Steel, citing security risks.
www.aljazeera.com
July 18, 2026 at 3:00 PM
Jingye seeks compensation after UK's move to fully nationalise loss-making British Steel, citing security risks.
The UK Government is considering nationalising British Steel as its blast furnaces at Scunthorpe come close to running out of materials. It’s currently owned by Chinese firm Jingye which says it’s losing £700,000 *a day*.
April 8, 2025 at 8:15 PM
The UK Government is considering nationalising British Steel as its blast furnaces at Scunthorpe come close to running out of materials. It’s currently owned by Chinese firm Jingye which says it’s losing £700,000 *a day*.
British Steel set for nationalisation in King’s Speech.
Entire steel industry needs to be nationalised, relies on public money. Govts own nothing.
Privatisation failed in water, energy, rail, mail, elsewhere. People ripped-off, investment not made.
Need economic reset.
archive.ph/Muohb
Entire steel industry needs to be nationalised, relies on public money. Govts own nothing.
Privatisation failed in water, energy, rail, mail, elsewhere. People ripped-off, investment not made.
Need economic reset.
archive.ph/Muohb
British Steel set for nationalisation in King’s Speech
Officials have drawn up legislation for UK to take full control of the country’s only virgin steelmaker from controversial Chinese firm Jingye
www.thetimes.com
May 10, 2026 at 8:16 AM
British Steel set for nationalisation in King’s Speech.
Entire steel industry needs to be nationalised, relies on public money. Govts own nothing.
Privatisation failed in water, energy, rail, mail, elsewhere. People ripped-off, investment not made.
Need economic reset.
archive.ph/Muohb
Entire steel industry needs to be nationalised, relies on public money. Govts own nothing.
Privatisation failed in water, energy, rail, mail, elsewhere. People ripped-off, investment not made.
Need economic reset.
archive.ph/Muohb
Why is the Labour government considering nationalising British Steel's Scunthorpe plant owned by Chinese owner Jingye.
When that option wasn't open to either Grangemouth or Port Talbot, both equally important to the Scottish and Welsh economies.
When that option wasn't open to either Grangemouth or Port Talbot, both equally important to the Scottish and Welsh economies.
April 11, 2025 at 7:05 AM
Why is the Labour government considering nationalising British Steel's Scunthorpe plant owned by Chinese owner Jingye.
When that option wasn't open to either Grangemouth or Port Talbot, both equally important to the Scottish and Welsh economies.
When that option wasn't open to either Grangemouth or Port Talbot, both equally important to the Scottish and Welsh economies.
UK CALLS CHINAS BLUFF OVER BRITISH STEEL
The last plant in the UK that produces virgin steel is about to be nationalised.
Jingye the Chinese owners basically involved themselves in a somewhat devious plot undoubtedly instigated by the Chinese government, to cut the fuel supply to the blast
The last plant in the UK that produces virgin steel is about to be nationalised.
Jingye the Chinese owners basically involved themselves in a somewhat devious plot undoubtedly instigated by the Chinese government, to cut the fuel supply to the blast
May 11, 2026 at 11:01 AM
UK CALLS CHINAS BLUFF OVER BRITISH STEEL
The last plant in the UK that produces virgin steel is about to be nationalised.
Jingye the Chinese owners basically involved themselves in a somewhat devious plot undoubtedly instigated by the Chinese government, to cut the fuel supply to the blast
The last plant in the UK that produces virgin steel is about to be nationalised.
Jingye the Chinese owners basically involved themselves in a somewhat devious plot undoubtedly instigated by the Chinese government, to cut the fuel supply to the blast
British Steel on track to be fully nationalised within weeks
British Steel on track to be fully nationalised within weeks
UK plans to take economic control from Chinese owner Jingye a year after stepping in to run plant, sources say
British Steel is on track to be fully nationalised within weeks, the Guardian understands, a year after the government took over the daily running of the loss-making business from its Chinese owner.
The steelmaker, which employs 3,500 people at its plant in Scunthorpe, was taken under government control last April amid fears that the owner Jingye was planning to shut down the site. Continue reading...
www.theguardian.com
March 30, 2026 at 5:27 PM
British Steel on track to be fully nationalised within weeks
British MPs have approved emergency legislation empowering ministers to place British Steel under state control.
Britain’s MPs vote to take control of British Steel
Dramatic intervention follows tense standoff with Chinese firm Jingye, British Steel’s owner.
www.politico.eu
April 12, 2025 at 3:16 PM
British MPs have approved emergency legislation empowering ministers to place British Steel under state control.
Let’s not forget who brokered the acquisition of British Steel by Jingye - the Tory party.
April 12, 2025 at 7:54 AM
Let’s not forget who brokered the acquisition of British Steel by Jingye - the Tory party.
UK government on verge of full nationalisation of British Steel ft.trib.al/GRMvhNp
UK government on verge of full nationalisation of British Steel
Talks with Chinese owner Jingye continue while losses mount
ft.trib.al
March 30, 2026 at 3:13 PM
UK government on verge of full nationalisation of British Steel ft.trib.al/GRMvhNp
UK Govt takes over Liberty Steel’s South Yorkshire plants.
Steel was last privatised in 1988. After vast subsidies it achieved little. Low investment, jobs lost.
Govt rescued the Scuthorpe plant in April. Jingye wants more subsidies, people will own nothing.
Nationalise essential industries.
Steel was last privatised in 1988. After vast subsidies it achieved little. Low investment, jobs lost.
Govt rescued the Scuthorpe plant in April. Jingye wants more subsidies, people will own nothing.
Nationalise essential industries.
Government takes over Liberty Steel plants in South Yorkshire after collapse
Court ends Sanjeev Gupta’s control of UK’s third-largest steelworks as ministers seek to save 1,450 jobs
www.theguardian.com
August 21, 2025 at 7:29 PM
UK Govt takes over Liberty Steel’s South Yorkshire plants.
Steel was last privatised in 1988. After vast subsidies it achieved little. Low investment, jobs lost.
Govt rescued the Scuthorpe plant in April. Jingye wants more subsidies, people will own nothing.
Nationalise essential industries.
Steel was last privatised in 1988. After vast subsidies it achieved little. Low investment, jobs lost.
Govt rescued the Scuthorpe plant in April. Jingye wants more subsidies, people will own nothing.
Nationalise essential industries.
It is good that the government now has the power to take emergency control of British Steel's plant in Scunthorpe. The current owners, Jingye, were effectively planning to close down primary steelmaking in Britain. 1/5
April 12, 2025 at 2:27 PM
It is good that the government now has the power to take emergency control of British Steel's plant in Scunthorpe. The current owners, Jingye, were effectively planning to close down primary steelmaking in Britain. 1/5
virgin steel is essential for defence purposes and is used in armour, its critical for warships and especially submarine hulls where its purity provides increased strength. It’s also suitable for mixing with alloys to make new metals because of its basic purity.
Jingye managers had to be physically
Jingye managers had to be physically
May 11, 2026 at 11:01 AM
virgin steel is essential for defence purposes and is used in armour, its critical for warships and especially submarine hulls where its purity provides increased strength. It’s also suitable for mixing with alloys to make new metals because of its basic purity.
Jingye managers had to be physically
Jingye managers had to be physically
Liberty Steel has not produced anything at two key plants since July 2024.
Steel industry is in constant crisis due to high energy/water costs.
Jingye, Tata, Liberty want subsidies. Govts don't own anything in return.
Nationalisation of strategic industries is the way forward.
Steel industry is in constant crisis due to high energy/water costs.
Jingye, Tata, Liberty want subsidies. Govts don't own anything in return.
Nationalisation of strategic industries is the way forward.
Liberty Steel has not produced anything at two key plants since July 2024
Lack of work at Rotherham and Motherwell sites highlights financial crisis at UK’s third-biggest steel producer
www.theguardian.com
May 22, 2025 at 6:00 AM
Liberty Steel has not produced anything at two key plants since July 2024.
Steel industry is in constant crisis due to high energy/water costs.
Jingye, Tata, Liberty want subsidies. Govts don't own anything in return.
Nationalisation of strategic industries is the way forward.
Steel industry is in constant crisis due to high energy/water costs.
Jingye, Tata, Liberty want subsidies. Govts don't own anything in return.
Nationalisation of strategic industries is the way forward.
British Steel taken back into public ownership by UK government to ‘protect vital supply’
British Steel was previously owned by the Chinese company Jingye
This is how to remove a foreign nations point of leverage,remove them
www.independent.co.uk/news/busines...
British Steel was previously owned by the Chinese company Jingye
This is how to remove a foreign nations point of leverage,remove them
www.independent.co.uk/news/busines...
British Steel taken back into public ownership by UK government to ‘protect supply’
British Steel was previously owned by the Chinese company Jingye
www.independent.co.uk
July 16, 2026 at 9:50 AM
British Steel taken back into public ownership by UK government to ‘protect vital supply’
British Steel was previously owned by the Chinese company Jingye
This is how to remove a foreign nations point of leverage,remove them
www.independent.co.uk/news/busines...
British Steel was previously owned by the Chinese company Jingye
This is how to remove a foreign nations point of leverage,remove them
www.independent.co.uk/news/busines...
UK Govt brings British Steel, owned by Chinese firm Jingye, into public ownership .
Previously gutted by private equity.
BS received £555m subsidy.
Govt limiting steel imports. Greater use of UK steel in public projects.
Without cutting energy profiteering steel making will struggle.
Previously gutted by private equity.
BS received £555m subsidy.
Govt limiting steel imports. Greater use of UK steel in public projects.
Without cutting energy profiteering steel making will struggle.
Government brings British Steel under public ownership
The Scunthorpe steelworks has been officially nationalised under new government powers passed this week.
www.bbc.co.uk
July 16, 2026 at 6:20 AM
UK Govt brings British Steel, owned by Chinese firm Jingye, into public ownership .
Previously gutted by private equity.
BS received £555m subsidy.
Govt limiting steel imports. Greater use of UK steel in public projects.
Without cutting energy profiteering steel making will struggle.
Previously gutted by private equity.
BS received £555m subsidy.
Govt limiting steel imports. Greater use of UK steel in public projects.
Without cutting energy profiteering steel making will struggle.
Future of British Steel unclear as UK govt bills build up.
Industry subsidised since privatisation.
Chinese control model: Buy crucial industry abroad, gut it, increase exports from China, dependance on China.
Govts hand free money. No equity stake, nothing repayable.
Must nationalise.
Industry subsidised since privatisation.
Chinese control model: Buy crucial industry abroad, gut it, increase exports from China, dependance on China.
Govts hand free money. No equity stake, nothing repayable.
Must nationalise.
‘We need to accept the cost’: future of British Steel unclear as bills for government build up
Propping up operations at Scunthorpe site, still legally owned by Jingye, now costs over £1.2m a day – so what are the options?
www.theguardian.com
February 8, 2026 at 9:19 AM
Future of British Steel unclear as UK govt bills build up.
Industry subsidised since privatisation.
Chinese control model: Buy crucial industry abroad, gut it, increase exports from China, dependance on China.
Govts hand free money. No equity stake, nothing repayable.
Must nationalise.
Industry subsidised since privatisation.
Chinese control model: Buy crucial industry abroad, gut it, increase exports from China, dependance on China.
Govts hand free money. No equity stake, nothing repayable.
Must nationalise.
Politico: "Ministers have just announced that British Steel has come under public ownership — a move the PM said secures the future of steelmaking in the U.K. The government took control of operations in Scunthorpe last year but, until now, Chinese company Jingye Group still had ownership."
July 16, 2026 at 6:10 AM
Politico: "Ministers have just announced that British Steel has come under public ownership — a move the PM said secures the future of steelmaking in the U.K. The government took control of operations in Scunthorpe last year but, until now, Chinese company Jingye Group still had ownership."