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The Latest Breaking News from Speciality Steel

Government to take over Speciality Steel UK in move set to cost £350m

Business Secretary Jonathan Reynolds said the Government would have to pay off the creditors of the insolvent steelmaker.

Evening Standard · Sep 14

Preferred bidder identified to take control of Speciality Steel

The Official Receiver said the process, aimed at securing a formal sale, is expected to last around five weeks.

Evening Standard · Apr 15

Labour 'showing disregard for Scottish industry with bailouts for English steelworks'

LABOUR are "showing disregard" to Scottish industry by bailing out English steelworks while failing to provide promised funding for…

The National (Scotland) · Sep 2, 2025

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‘Every option’ to keep steel-making in Yorkshire being pursued after insolvency

Industry minister Sarah Jones said she ‘very much believes’ that steelworks have a future in South Yorkshire and the West Midlands.

Evening Standard · Sep 2, 2025

UK’s third largest steelworks collapses putting 1,450 jobs at risk

The government has taken control of the plant until a buyer is found

The Independent UK · Aug 21, 2025

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

However, bosses at Speciality Steel said the move to wind up the business is ‘irrational’

Evening Standard · Aug 21, 2025

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

Exclusive: Speciality Steel UK, which employs 1,450 people in South Yorkshire, could be supported if it enters administration

The Guardian - UK · Jul 11, 2025

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