The UK government has reiterated that it is considering "all options" to keep Liberty Steel's UK factories and jobs afloat, including nationalization.
The government rejected a request for £ 170 million in financial support for the company.
But this is due to concerns about the "very opaque" structure of its owner, GFG, the minister said.
The UK GFG Alliance has invested heavily in bailing out steel and aluminum mills, saving thousands of jobs in industrial communities across the UK that would otherwise be lost. ”
A GFG spokesman added that Liberty Steel was hit by the coronavirus crisis due to falling demand for aerospace products, exacerbated by energy prices.
The company plans to resume steel production in the UK around April 6th.
Quarteng said he would "explore all options" to preserve Liberty Steel's jobs and plants, including nationalization.
“We think the UK steel industry has a future,” he said.
The UK's industrial decarbonization strategy means the government wants to produce "clean steel", he said.
“Steel produced in electric arc furnaces like the Liberty has a future in the UK,” said Mr Quarteng.
Nationalization of Liberty Steel as an option to save jobs
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Azovpromstal® 31 March 2021 г. 13:12 |
