British Steel on brink of collapse
2019-05-21 18:32:32 [Print]
British Steel, UK's second-largest steel producer, is on the brink of collapse unless it can secure ￡30m ($38 million) in emergency funding from the government, disclosed a source close to the situation.
The steelmaker, owned by investment firm Greybull Capital, employs around 5,000 people, mostly in Scunthorpe, in the north of England, while 20,000 more depend on in its supply chain.
The steelmaker, owned by investment firm Greybull Capital, employs around 5,000 people, mostly in Scunthorpe, in the north of England, while 20,000 more depend on in its supply chain.
