Liberty Steel’s Speciality Steel UK division, employing around 1,500 people in South Yorkshire, is on the brink of major restructuring.
Owner Sanjeev Gupta is pushing forward with a last-ditch plan to save the business, with a court hearing set to play a key role in the company’s future. His proposal involves a pre-pack administration deal designed to keep the steelworks alive.
While ministers are reluctant to provide direct financial support, they have signalled a determination to safeguard both jobs and production capacity in the UK steel industry.