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Pa Business Staff

Government takes control of UK's third-largest steelworks after insolvency

Speciality Steel United Kingdom

The steelworks in Rotherham - (PA wire)

The Government has taken control of the UK’s third largest steelworks in a bid to save 1,450 jobs at the site.

The high court confirmed on Thursday that Speciality Steel – previously part of Sanjeev Gupta’s Liberty Steel business – would face a compulsory liquidation.

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