Chinese company Jingye is seeking compensation after the UK’s move to fully nationalise loss-making British Steel. Published On 18 Jul 202618 Jul 2026 China’s Ministry of Foreign Affairs has said it will closely monitor the United Kingdom’s nationalisation of British Steel, previously owned by a Chinese steelmaker. The UK government nationalised British Steel on Thursday, … Read more
The UK has appropriated its last working steelworks, following fears its former Chinese owners would shut it down. Published On 17 Jul 202617 Jul 2026 Beijing has warned the United Kingdom that its nationalisation of British Steel has “severely undermined” Chinese companies’ confidence in investing in the UK. The UK nationalised the loss-making company on … Read more
Mexico says tariffs make ‘no sense’ as Canada seeks negotiations to remove the levies ongoing. In a move that has reignited trade tensions with key allies, United States President Donald Trump has doubled tariffs on steel and aluminium imports. The new rates, which came into effect early on Wednesday, raise duties from 25 percent to … Read more
US president expected to announce decision to block proposed sale of Pittsburgh-based steelmaker as early as Friday. United States President Joe Biden has decided to block the proposed takeover of US Steel by Japan’s Nippon Steel, US media has reported. Biden is expected to announce his decision to scuttle the $14.9bn sale on national security … Read more