Nostalgia Won't Save the Steel Industry, No Matter How Hard Labour Tries

Nostalgia won't save the steel industry, no matter how hard Labour tries

As the government takes control of another beleaguered steel works, Eliot Wilson asks what, exactly, the long-term plan is? Speciality Steels UK (SSUK) is in trouble, to put it lightly. Last week, amid mounting piles of debt and denied requests for financial assistance, the company was pushed into compulsory liquidation, and is now under government control. The South Yorkshire-based company, owned by Sanjeev Gupta’s Liberty Steel, is the third-b…

UK Steel Crisis: Another Strategic Plant Falls to Government

Share this post: Another major steelworks — Speciality Steels UK (SSUK) in Rotherham and Sheffield — has collapsed into government hands. This development comes just months after the government took control of British Steel’s Scunthorpe plant to protect the UK’s last blast furnaces (April 12). And it reinforces the warning Vox Political highlighted [...] The post Steel crisis deepens: another strategic asset falls under government control appear…