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UK Nationalises British Steel, Taking It Back from Chinese Owner Jingye
NDTV·Saturday, 18 July 2026
The UK government has nationalised British Steel, bringing it back into state ownership for the first time since 1988. The move takes control of the company away from China's Jingye Group. The article does not detail the financial terms of the takeover.
Why It Matters
This is a major signal that Western governments are willing to use state power to take back control of strategic industries from foreign — particularly Chinese — ownership.
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