UK government considers rescue deal for Speciality Steel amid fears of collapse
GFG Alliance, which owns Speciality Steel UK, faces financial turmoil and has not produced steel for over a year due to cash shortages, yet continues to pay staff.
UK government considers rescue package for second major steel plant
The business secretary, Jonathan Reynolds, is exploring government options to support Speciality Steel UK if its parent company, Liberty Steel Group, collapses after an insolvency hearing.