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Evening Standard
Evening Standard
Business
Henry Saker-Clark

Preferred bidder identified to take control of Speciality Steel

Speciality Steel Starmer
Speciality Steel employs around 1,300 workers, many of whom have been put on furlough with reduced wages (Alamy/PA) -

The UK’s third largest steelworks has moved closer to a sale after the Government intervened following its liquidation last year.

Last August, the state’s Official Receiver took control of Speciality Steel – previously part of Sanjeev Gupta’s Liberty Steel business – after it was forced to liquidate by the High Court.

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