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Government may step in to rescue Liberty Steel plant

Business secretary Jonathan Reynolds is reportedly exploring options, including taking full control of the business, which employs 1,450 people at Rotherham and Sheffield.

Liberty Steel

A aerial drone view of the Liberty Steel site on March 31, 2021 in Rotherham, England. (Photo: Getty Images)

Vivek Mishra
By Vivek MishraJul 11, 2025
Vivek Mishra
Vivek Mishra works as an Assistant Editor with Eastern Eye and has over 13 years of experience in journalism. His areas of interest include politics, international affairs, current events, and sports. With a background in newsroom operations and editorial planning, he has reported and edited stories on major national and global developments.
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THE UK government is considering a potential rescue plan for Speciality Steel UK (SSUK), part of the Liberty Steel Group, if its parent company collapses after an insolvency hearing next week.

Business secretary Jonathan Reynolds is reportedly exploring options, including taking full control of the business, which employs 1,450 people at Rotherham and Sheffield, The Guardian reported. This follows the government’s intervention in British Steel’s Scunthorpe plant.

A government spokesperson said: “We continue to closely monitor developments around Liberty Steel, including any public hearings, which are a matter for the company. It is for Liberty to manage commercial decisions on the future of its companies, and we hope it succeeds with its plans to continue on a sustainable basis.”

Liberty Steel, which has not produced steel at Rotherham for a year, has continued paying staff. The company has lost £340m over four years, The Guardian reported.

Sanjeev Gupta, whose GFG Alliance faced financial strain after Greensill Capital’s collapse, is seeking investment in SSUK. Talks with a major investor are ongoing, according to union Community.

The GMB union said it supports government intervention. A Liberty Steel spokesperson said SSUK remains valuable and is aligned with demand in sectors like aerospace and defence.

The group remains under investigation by the Serious Fraud Office since 2021.

liberty steelsanjeev guptauk steel industry

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