Liberty Steel has not produced anything at two of its key UK plants since July, in a sign of the deep financial difficulties for Britain’s third-biggest steelmaker as it looks for rescue funding. The plants at Rotherham in South Yorkshire and Motherwell in Scotland have not produced any steel for about nine months because of […]
LIBERTY Steel’s submission to the UK Steel Strategy consultation has proposed decisive Government action calling for strong government intervention through strategic demand-side measures, enhanced cost competitiveness, and co-investment initiatives, to reverse the long-term decline in UK steel production and set the industry on a sustained upward trajectory. One of the main aspects of the new […]
ArcelorMittal won a bid on Tuesday to put a subsidiary of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, into administration. The decision came after the court declared that Liberty Steel owed ArcelorMittal a debt of €140 million (approximately $147.4 million) which a London court found was unlikely to be paid. ArcelorMittal sued Liberty Steel […]
