Chinese group Jingye hires lawyers to recover British Steel cash
Tuesday, 3 June 2025 () The Chinese owner of British Steel has hired a leading City law firm to explore the recovery of hundreds of millions of pounds it invested in the Scunthorpe-based company before the government seized control of its operations in April.
Jonathan Reynolds, the business secretary, has discussed the government's move to seize control of British Steel with his Chinese counterpart for the first time. Sky News