Liberty Steel has not produced anything at two key plants since July 2024

Liberty Steel has produced nothing at two of its key UK plants since July, a sign of the deep financial difficulties for Britain’s third-biggest steelmaker as it looks for rescue funding. The company is owned by Sanjeev Gupta, who has been battling for control of metals companies in the UK and Australia against creditors led by the administrators for Greensill Capital, a lender that collapsed in 2021 after lending Gupta’s companies about USD $5 billion.

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