LONDON (CU)_Over the past few years, United Kingdom’s steel industry has been struggling as a result of many challenges and the situation was further aggravated by Brexit and the COVID-19 pandemic which caused a sharp downturn in economic activity. Amidst these challenges, British industrial and metals company Liberty Steel was forced to pause operations at the plants in Rotherham and Stocksbridge, following the collapse of the company’s main lender Greensill Capital, earlier this year. Since then the firm’s parent company GFG Alliance has been seeking funding to keep its business afloat, including a £170 million emergency loan requested from the UK government.
Now, after several failed attempts to…
