30
Mar
11:29
UK government awaits GFG refinancing, prepared for collapse
The UK government wants to see what new financing GFG Alliance can arrange before taking any action to support its UK plants. But officials are prepared to let Liberty Steel collapse into administration before stepping in, says UK business secretary Kwasi Kwarteng.
“It’s an important national asset and what we have to do is distinguish between Liberty Steel and the company that sits above it, which is called the Gupta Family Group,” Kwarteng told…
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Anonymous
Very good overview of the weekly steel market.
Anonymous