The firm, once part of Sanjeev Gupta’s empire, fell into administration last year and has failed to find a buyer.
A British steelworks is set to come under public ownership after the government announced it would take over Speciality Steel UK (SSUK), based in Yorkshire.
Business secretary Jonathan Reynolds said officials would “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge and Brinsworth in South Yorkshire and Wednesbury in the West Midlands.
The insolvent steelmaker, [formerly part of the tycoon Sanjeev Gupta’s industrial empire](https://www.theguardian.com/business/2025/aug/21/government
