Liberty Steel is making a last-ditch attempt to save its plants in and around Rotherham and Sheffield from collapse.
On Wednesday, a court could force Liberty’s speciality steel business to close over unpaid debts, putting 1,450 jobs at risk, unless the company wins an adjournment.
Liberty Steel told the BBC that discussions continue with creditors and that it ”understands the concern this will create for colleagues”.
It added that it ”remains committed to doing all it can to maintain the speciality steel business”.
Government sources told the BBC they are not prepared to step in to save Liberty or any of its subsidiaries to pay off outstanding debts.
However, the government may look at stepping in if the company is forced into insolvency…
