UK government considers rescue package for second major steel plant

Government may step in to rescue Liberty Steel plant

THE UK government is considering a potential rescue plan for Speciality Steel UK (SSUK), part of the Liberty Steel Group, if its parent company collapses after an insolvency hearing next week.Business secretary Jonathan Reynolds is reportedly exploring options, including taking full control of the business, which employs 1,450 people at Rotherham and Sheffield, The Guardian reported. This follows the government’s intervention in British Steel’s …

UK government considers rescue deal for Speciality Steel amid fears of collapse – Your Capital Minds

The UK government is exploring emergency options to save Speciality Steel UK (SSUK), a major South Yorkshire steelmaker employing more than 1,400 people, as fears mount it could collapse into administration following a critical court hearing next week. Business Secretary Jonathan Reynolds is said to be actively considering contingency plans, including the possibility of taking the company into public ownership if its parent, Liberty Steel, fails…

UK government considers rescue deal for Speciality Steel amid fears of collapse

The UK government is exploring emergency options to save Speciality Steel UK (SSUK), a major South Yorkshire steelmaker employing more than 1,400 people, as fears mount it could collapse into administration following a critical court hearing next week. Business Secretary Jonathan Reynolds is said to be actively considering contingency plans, including the possibility of taking the company into public ownership if its parent, Liberty Steel, fails…

UK government considers rescue package for second major steel plant

Speciality Steel UK, which employs 1,450 people in South Yorkshire, could be supported if it enters administration Ministers are considering options to step in to save another major steel plant if its parent company collapses into administration after a key court case next week. The business…