UK's Third-Largest Steelworks Plunged into Liquidation Amid Controversy
Published on: Aug. 21, 2025, 11:19 p.m. | Source: Devdiscourse
Speciality Steels UK, part of Sanjeev Gupta's GFG Alliance, has entered compulsory liquidation following a court ruling, putting 1,500 jobs at risk. Liberty Steel contested the decision, which it deemed 'irrational' given alternative solutions involving investment from BlackRock for a potential business buyback.
