UK official receiver understood to prefer Blastr as buyer for SSUK’s electric arc furnace in Rotherham and site in Stocksbridge
UK officials have entered exclusive talks with a Norwegian startup to buy the former Liberty Steel works in South Yorkshire, in a significant step towards its rescue.
Norwegian-owned Blastr is understood to be the bidder preferred by the government’s official receiver to take on ownership of the UK’s largest existing electric arc furnace in Rotherham and other works in Stocksbridge, both in South Yorkshire.
Continue reading...
TH
Source
This article was originally published by The Guardian and written by Jasper Jolly.
Read original article on The Guardian