UK nationalization of British Steel's Scunthorpe plant

The story so far

1. 

   Update 1Jul 18 05:52 UTC

   Britain Takes Last Blast Furnace Off Chinese Hands, Beijing Answers Within a Day

   The UK has formally nationalized the Scunthorpe steelworks, ending six years of Jingye Group ownership. China called the move a violation of investor rights before the ink was a day old.

   Still open after this report

   • The valuation that an independent assessor will place on Jingye's losses, and how long the process will take.
   • Whether Beijing escalates beyond statements and compensation demands to formal action under the bilateral investment treaty.