Steel tycoon Gupta in last-ditch bid to rescue UK empire

Nicola Sturgeon's £586m Sanjeev Gupta loan in spotlight amid liquidation fears

The former First Minister struck a deal with Liberty Steel to save two steel mills and a aluminium smelter but guaranteed over £500m of taxpayer cash.

Steel tycoon Gupta in last-ditch bid to rescue UK empire

Sanjeev Gupta is seeking to adjourn a winding-up petition that could force his UK steel operations into compulsory liquidation after seeing a plea for government aid rejected, Sky News learns.

Liberty Steel UK debts put 1,450 jobs at risk

A SOUTH YORKSHIRE steelworks operated by international manufacturer Liberty Steel is at risk of closure, putting 1,450 jobs in jeopardy as the company struggles to repay its debts.

On Thursday, the trade unions met with Minister of Economic Affairs Lex Delles to discuss the situation of the steel plant in Düdelingen. Liberty Steel's factory is shut down and insolvent. A sale to a Turkish interested party failed recently. Content of the conversation was not announced.

Steel firm granted reprieve amid potential acquisition - Business Link Magazine

Speciality Steel UK (SSUK), a major steel producer in South Yorkshire and part of the Liberty Steel Group, has been granted an eight-week adjournment in High Court insolvency proceedings as discussions with a potential buyer continue. The firm, which operates electric arc furnace (EAF) plants in Rotherham and Sheffield and employs approximately 1,450 staff, is […]

Potential rescue buyer found for Speciality Steel UK, court hears

The Rotherham and Sheffield-based company is at risk of being wound up