Britain’s third-largest steelworks collapses into administration
by Jasper Jolly from World news | The Guardian on (#6ZFEA)
Government expected to step in to take control of Speciality Steel UK plants in South Yorkshire to try to protect 1,450 jobs
The UK's third-largest steelworks has collapsed into administration, ending the control of metals tycoon Sanjeev Gupta over his main Liberty Steel operations in South Yorkshire, which employs 1,450 people.
The high court in London said on Thursday that Speciality Steel UK (SSUK), which has plants in Rotherham and Stocksbridge, would be put into administration.
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