Key Takeaway
Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyerBusiness news – live updatesOne of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK). Jonathan Reynolds, the business secretary, said officials will “work towards” acquiring the company to protect the…
Published September 14, 2026 · Category: News
Overview
Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyer
One of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK).
Details
Jonathan Reynolds, the business secretary, said officials will “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge, Brinsworth and Wednesbury.
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Source
Originally published at www.theguardian.com.
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What is "Government moves to nationalise Speciality Steel UK to protect 1,300 jobs" about?+
Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyerBusiness news – live updatesOne of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK).Jonathan Reynolds, the business secretary, said officials will “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge, Brinsworth and Wednesbury. Continue reading...
Who reported this story?+
This story was reported by The Guardian World.