Speciality Steel UK, which has sites in Sheffield and Rotherham, collapsed last year
Author: George Thompson and Will Meakin-Durrant, PAPublished 18 minutes ago
The Government is developing a plan for the “public acquisition” of the UK’s third-largest steelworks.
Business Secretary Jonathan Reynolds told the Commons on Monday that ministers were engaging with the sale process of Speciality Steel UK (SSUK).
Mr Reynolds said a bidder had come forward to take over SSUK earlier this year, but the Government could not support it and was instead developing its own proposal.
Last August, the state’s Official Receiver took control of Speciality Steel, previously part of Sanjeev Gupta’s Liberty Steel business, after it was forced to…