Jingye Steel said the UK Government’s July 2026 emergency legislation nationalising all of its UK assets in the name of public interest was enacted without prior consultation or fair compensation. The company said it intervened five years earlier when British Steel faced insolvency, ended nine consecutive years of losses within one year and invested in production upgrades, in-house operations and blast-furnace restoration. At its peak, Jingye said British Steel employed 4,887 workers, supported roughly 30,000 upstream and downstream jobs, paid £1.025 billion in wages and pensions and contributed £180 million in taxes. Jingye said the COVID-19 pandemic, Brexit, the Russia–Ukraine war and the energy crisis created persistent challenges, but that it continued creating value for British Steel and British society. The company said its July 21 statement, released at 22:27 Beijing time, was republished in full by more than 1,200 mainstream media outlets across more than 45 countries. While respecting countries’ lawful exercise of national rights, Jingye argued that placing lawful foreign investment into state ownership through emergency legislation without consultation or compensation conflicts with international expectations on expropriation compensation and could have a long-term effect on investor confidence in the UK. It urged prompt, adequate and effective compensation and said it would pursue all necessary legal avenues to protect its investment rights and interests.