Following the hearing, Jeffrey Kabel, Liberty Steel chief transformation officer, said the court’s decision was a “positive development”.
The company would use the time to “finalise options, including a sale of the business” while continuing its debt restructuring plans, Mr Kabel said.
“We remain committed to finding the right solution that preserves EAF [electric arc furnace] steelmaking in the UK, a vital national asset serving strategic supply chains,” he said.
“We recognise that change is essential to set the business on a positive trajectory and provide certainty for our creditors, employees and stakeholders.”
Mr Kabel said the company would use the time afforded by the adjournment to engage in “intensive discussions” to achieve an…
