UK High Court orders British Steel into liquidation

Workers at the company's plants now face weeks of uncertainty as efforts are made to rescue the business.

"We have shown our willingness to act, having already provided the company with a £120 million bridging facility to enable it to meet its emissions trading compliance costs. "This will be a deeply worrying time for the thousands of dedicated British Steel workers, those in the supply chain and local communities.

"The company in liquidation is continuing to trade and supply its customers while I consider options for the business."The court also appointed Special Managers to assist me with my work and they are engaging with staff and their representatives to keep them informed, as well as contacting British Steel's customers."

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