Liberty Steel UK, owned by the tycoon Sanjeev Gupta, said on Monday that it planned to restart steelmaking next week as it continued to seek new funding after its main backer, Greensill Capital, went into insolvency. Its parent company, GFG Alliance, added in a statement that it was in “constructive discussions” with the UK government about potential assistance. Unions, whose representatives met ministers online on Monday afternoon, have urged the government to take the UK business into public ownership. In a special podcast sent to all GFG Alliance staff, he said he was “holding up”. He has previously said the government was “looking at all options to see what we can do” to secure the future of Liberty Steel when it goes into administration.

Source: The Guardian March 29, 2021 14:37 UTC