THURS, May 27, 2021
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STOCKSBRIDGE STEELWORKS
Liberty Steel has announced it is set to sell its Stocksbridge plant as part of a restructuring following the collapse of its principal lender Greensill Capital. As part of the restructuring Liberty is aiming to sell its aerospace and special alloys steel business in Stocksbridge. The company said that, this was a "unique, high quality business servicing marquee customers in aerospace, auto and other highly engineered applications." The is expected to enable Liberty to focus on developing its Rotherham plant, including its electric arc furnaces, into a two million tonnes recycled 'Greensteel' plant, one of the largest in Europe. Local MP Miriam Cates told Look Local “I believe passionately that there is a strong future for steelmaking in Stocksbridge, and I will do ev-
erything I can to work with the Government and Liberty to find the right buyer. I have had an urgent meeting with the Secretary of State for Business Kwasi Kwarteng, urging him to intervene to help find a suitable buyer for the site. I have also asked that the Government consider providing financial assistance if necessary to make sure that steelmaking can continue until a buyer is found. Stocksbridge Speciality Steels has unique capabilities that are of strategic importance to the whole of the UK. As the local Member of Parliament I will continue to make the case to Government to secure the future of UK steel.” Councillor Julie Grocutt, Deputy Leader of Sheffield Local politicians on the future of City Council, said: Steel-making in Stocksbridge: “The past year has been an extremely difficult time Top to bottom: MP Miriam Cates, South Yorks Mayor Dan Jarvis, for many people and this news has only created Dep. Leader Sheffield City CounCont. on page 2... cil Julie Grocutt
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