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Aerospace industry warns over part shortage if Gupta steel empire ...
Thu, 15 Apr 2021 00:00:00 GMT
The UK's aerospace trade body has called for the government's urgent intervention to protect steel production at Sanjeev Gupta's wavering Liberty Steel

Steel TubeandPipe 2021 scheduled for May 10-12
Mon, 12 Apr 2021 11:30:00 GMT
U.K.-based Fastmarkets, part of the Euromoney Institutional Investor PLC group, will hold its Steel TubeandPipe 2021 event virtually May 10-12, 2021. It will include steel market experts covering supply and demand outlooks, the financial health of the oil and gas industry, and developments

Credit Suisse Fallen Prey to Supply Chain Fraud?
Mon, 12 Apr 2021 00:00:00 GMT
The Swiss bank's Greensill funds reportedly didn't just contain future receivables but also suspect invoices from steel magnate Sanjeev Gupta. It raises the specter that Credit Suisse has fallen prey to an alleged

Liberty ore/nickel sales raise conduct questions
Thu, 08 Apr 2021 00:00:00 GMT
London-headquartered metals trader Liberty Commodities, part of the vast Gupta Family Group Alliance of companies owned by UK businessman Sanjeev Gupta, made multiple sales of nickel and iron ore pellet to Indian cold-rolled and hot-dip galvanised coil steel producer Uttam Galva between July 2014 and October 2015, according to documents obtained by Argus

Liberty Steel's Romanian subsidiary needs EUR 100 mln to buy ...
Wed, 07 Apr 2021 10:00:00 GMT
Liberty Galati, the Romanian subsidiary of Liberty Steel - part of GFG Alliance controlled by Indian businessman Sanjeev Gupta - urgently needs EUR 100 million to purchase the CO2 certificates that it sold last

Concerns over future of Lanarkshire steel workers as Liberty ...
Tue, 06 Apr 2021 11:24:00 GMT
Workers at the Clydebridge steel plant face an anxious wait over their futures as the financial problems of its parent company continue. GFG Alliance's owner, Sanjeev Gupta, has insisted that no plants 'will close under my watch' after his financial backer, Greensill, collapsed earlier this year. The UK Government then knocked back Mr Gupta's claims for a £170 million bailout to support the company, while other investors have started

Sanjeev Gupta gearing up for war over steel empire
Sun, 04 Apr 2021 10:50:00 GMT
Industrial tycoon Sanjeev Gupta has drafted in a 'barrage' of lawyers to defend his steel empire as a crisis at its biggest lender threatens to engulf him. Gupta's GFG Alliance, which owns Liberty Steel in the UK, is holding emergency talks to secure new financing and save 5,000 British jobs after the collapse of Greensill

Liberty Steel boss: Plants won't shut on my watch
Thu, 01 Apr 2021 10:05:00 GMT
Liberty Steel owner Sanjeev Gupta has claimed that none of his plants will shut 'under my watch' as he races to refinance his business after the collapse of financial backer

Xijun Cao named British Steel CEO
Thu, 01 Apr 2021 00:00:00 GMT
British Steel President Xijun Cao will assume the additional role of CEO in early April, replacing Ron Deelen who stepped down at the end of March, although he will continue to work closely with the business. Im honored to be leading the next stage of British Steels transformation and look forward to helping my

Greensill collapse risks future of Liberty Steel
Wed, 31 Mar 2021 00:00:00 GMT
The demise of Greensill Capital earlier this month has put the future of Liberty Steel into doubt, as the supply chain finance company helped prop up Britain's third-largest steel manufacturer, amongst other

UK government awaits GFG refinancing, prepared for collapse
Wed, 31 Mar 2021 00:00:00 GMT
The UK government wants to see what new financing GFG Alliance can arrange before taking any action to support its UK plants. But officials are prepared to let Liberty Steel collapse into administration before stepping in, says UK business secretary Kwasi Kwarteng. Its an important national asset and what we have to do is

MicroCare appoints director of manufacturing
Mon, 29 Mar 2021 11:45:00 GMT
New Britain, Conn.-based MicroCare LLC, a provider of cleaning, coating, and lubricating chemistries for metal finishing, has hired Brian Donnelly as director of manufacturing. Donnelly has 20 years of experience across several manufacturing industries. He earned a bachelors degree in

Number of UK steel industry news reports: 12
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United Kingdom steel industry headlines and news reports.