Liberty Steel official calls SSUK’s compulsory liquidation ‘irrational’ Liberty Steel’s chief transformation officer has described Speciality Steel UK (SSUK) being pushed into compulsory liquidation by the high court in London as “irrational”, Kallanish learns. Jeffrey Kabel says in a statement that the decision “especially when we have support from the world’s largest asset manager to resume operations and facilitate creditor recovery is irrational.” The company … The post Liberty Steel official calls SSUK’s compulsory liquidation ‘irrational’ first appeared on EUROMETAL.

#LatestUpdates #GarethStace #JeffreyKabel #LibertySteel Liberty Steel official calls SSUK’s compulsory liquidation ‘irrational’

UK Infrastructure Strategy to support domestic steel sector The UK government’s new Infrastructure Strategy has been welcomed as supportive for the domestic steel sector, Kallanish observes. Industry association UK Steel welcomed the move noting the developments worth “billions of pounds,” would bring opportunity for steelmakers. However, it noted that a competitive environment remains vital. It highlighted that millions of tonnes of steel will be needed … The post UK Infrastructure Strategy to support domestic steel sector first appeared on EUROMETAL.

#LatestUpdates #GarethStace #UK #UKSteel UK Infrastructure Strategy to support domestic steel sector

Countries should tackle overcapacity with US: UK Steel Industry association UK Steel says its home country should work with the US to tackle overproduction, despite the UK not being granted an exemption from the latest additional 25% US tariffs on steel imports. In a statement seen by Kallanish, UK Steel says…

#LatestUpdates #GarethStace Countries should tackle overcapacity with US: UK Steel

UK government launches industry-backed steel council The UK government has launched a steel council as part of its new strategy to support the struggling sector, Kallanish learns. The council will be led by business secretary Jonathan Reynolds and chair of the Materials Processing Institute Jon Bolton. Its…

#LatestUpdates #GarethStace #steelcouncil #UKSteel UK government launches industry-backed steel council