British Steel

The Chinese owner of British Steel does not comply with investment obligations

Jingye has only invested £156m of the promised £1.2bn into the business since March 2020

The Chinese owner of British Steel is asking for financial help from the UK government

The exact amount Jingye Group is asking is unknown – it could be several hundreds millions of pounds

British Steel has raised structural steel prices by £100/t

The increase in energy prices significantly affected the cost of production