22 August 2025
The UK government has taken control of one of the country’s largest steelworks after insolvency courts approved a petition for Yorkshire-based Speciality Steel UK (SSUK) to be placed into compulsory liquidation on 21 August. SSUK is part of the Liberty Steel Group owned by Sanjeev Gupta and employs around 1,450 people in Rotherham and Sheffield.
Image: Unite
The High Court issued its decision after a compulsory winding up order was sought by creditors that are owed hundreds of millions of pounds by SSUK. The company uses scrap metal to manufacture steel for aerospace, defence, and power generation. The government will be covering the ongoing costs of SSUK, including wages, while a search for a buyer is carried out.
SSUK…