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Liberty Steel’s South Yorkshire operations lost £340m in four years

Exclusive: court documents lay bare crisis at Sanjeev Gupta’s steelworks as it struggles to find buyers in face of looming liquidationLiberty Steel’s operations in South Yorkshire lost £340m in four years, according to figures that shine a light on the difficulties facing a business on the brink of liquidation that employs 1,450 people.The company, owned by the metals magnate Sanjeev Gupta, is desperately searching for investors or lenders before a 16 July deadline, after London’s high court granted it extra time last week. Continue reading...

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