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The Latest Breaking News from Speciality Steel UK

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

Government moves to nationalise Speciality Steel UK to protect 1,300 jobs

Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyer

The Guardian - UK · Sep 14

Czech energy group hints at combined bid for British Steel and Speciality Steel UK

Exclusive: Sev.en Global Investments could turn state-owned businesses into Britain’s biggest steelmaker

The Guardian - UK · May 1

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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

‘Hopelessly insolvent’: how ‘saviour of steel’ Sanjeev Gupta’s global empire unravelled

This week’s collapse of the tycoon’s Yorkshire operations brought relief for some. It echoes insolvency steps at 15 of his companies

The Guardian - UK · Aug 22, 2025

Government takes over Liberty Steel’s South Yorkshire plants to protect 1,450 jobs

Court ends Sanjeev Gupta’s control of UK’s third-largest steelworks as ministers seek to save 1,450 jobs

The Guardian - UK · 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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