British Steel: Jingye Group
(asked on 16th July 2026) - View Source
Question
To ask His Majesty's Government what discussions they held with Jingye to agree terms of nationalisation of British Steel.
Answered by
Lord Leong
Parliamentary Under-Secretary of State (Department for Business, Innovation, Science and Trade)
This question was answered on 31st July 2026
We have been in discussions since 2023 with Jingye about how to deliver a sustainable future for British Steel and since April 2025 regarding Jingye’s proposal to sell British Steel to HMG. Since we tabled our proposal earlier this year we met a number of times to discuss a pathway to resolution. We agreed with Jingye that our discussions should remain confidential.