Take off control head and tap against the valve with the edge of a spanner. I am told that the protruding pin is "floating" and pulling up on it with pliers does not solve the problem - the piece below needs to be freed.
When the radiator begins to warm then you know you've fixed it - be sure the lock shield valve at the other end is open.
Peccavi, May 2011
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I can answer this question...
How can I release a jammed pin in radiator thermostat?