British Steel crisis derails China’s tariff-bypass strategy
A Chinese steelmaker’s attempt to use British Steel as a foothold in Western markets has turned into a political dispute, after the UK government introduced a bill that could nationalize the eastern England-based company. Jingye Group, a privately owned steelmaker based in Hebei province, acquired British Steel for £70 million (US$91 million) in 2020, partly […] The post British Steel crisis derails China’s tariff-bypass strategy appeared first on Asia Times.
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