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

The Guardian — World has covered a development concerning “Update: Government moves to nationalise Speciality Steel UK to protect 1,300 jobs,” with the available account limited to the facts included in the supplied text.

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 following the government stated it would take over Yorkshire-based Speciality Steel UK (SSUK). The report also notes that Jonathan Reynolds, the business secretary, stated officials would “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge and Brinsworth in South Yorkshire and Wednesbury in the West Midlands.

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