Should the UK have nationalised British Steel from its Chinese owners?

The UK government took operational control of British Steel last week after its Chinese owner Jingye Group considered closing the Scunthorpe blast furnaces, the UK's last for virgin steel. The move aims to save thousands of jobs, protect domestic steel supply for construction and defence, and support a decarbonised sector. Jingye demands full compensation, accusing the UK of trampling international investment rules.