Potential buyers of British Steel have contacted the liquidators.

Potential buyers of British Steel have contacted the liquidators.

5000 jobs are at risk at sites across the UK

Potential buyers of British Steel, which was forced into liquidation on Wednesday after failing to secure an emergency government loan, have been in touch, that's according to the Business Secretary Greg Clarke.

British Steel's owner Greybull Capital said on Wednesday it had worked hard to keep Britain's second largest steel producer alive but that the challenges of Brexit had proven insurmountable.

Greybull, which specialises in turning around distressed businesses, paid former owners Tata Steel a nominal one pound in 2016 for the loss-making company which they renamed British Steel.

Published: by Radio NewsHub
Start your relationship

If you are interested in receiving bulletins from Radio News Hub or would simply like to find out more please fill in the form below. We operate on annual contracts - spread the cost is available.

We aim to get back to you within 48 hours