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Liberty Steel Gets Cash Injection to Save U.K. Plant

Liberty Steel Gets Cash Injection to Save U.K. Plant

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 945 Words

GALWAY, IRELAND--October 25, 2021--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Liberty Steel U.K. (LSUK) looks set to receive a life-saving cash injection of £50 million (US$68 million) following the agreement of a financial restructuring plan between its parent company GFG Alliance (London, England) and Credit Suisse Asset Management.

Within this article: Details cash injection, Rotherham plant restart, scale of financial problems at GFG Alliance, related steel sector problems in the U.K.

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