Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyer Business news – live updates One of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK).
Jonathan Reynolds, the business secretary, said officials will “work towards” acquiring the company to protect the jobs of its 1, 300 workers in Rotherham, Stocksbridge, Brinsworth and Wednesbury. Continue reading...