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The Guardian - UK
The Guardian - UK
Business
Kiran Stacey and Jasper Jolly

UK government considers rescue package for second major steel plant this year

SSUK’s Rotherham plant has the UK’s largest electric arc furnace, a type that is more efficient, making it more appealing for future investors.
SSUK’s Rotherham plant has the UK’s largest electric arc furnace, a type that is more efficient, making it more appealing for future investors. Photograph: Bloomberg/Getty Images

Ministers are considering options to step in to save another major steel plant if its parent company collapses into administration after a key court case next week.

The business secretary, Jonathan Reynolds, is understood to be looking at what the government can do to support Speciality Steel UK (SSUK) – part of the Liberty Steel Group owned by Sanjeev Gupta – should it be faced with possible closure after Wednesday’s insolvency hearing.

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