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Government moves to nationalise Speciality Steel UK to protect 1,300 jobs

The Guardian UK Monday 14 September 2026, 16:17 UTC By Alex Daniel 1 min read
Key Points

Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyerBusiness news – live updatesOne of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK).Jonathan Reynolds, the business secretary, said officials will “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge, Brinsworth and Wednesbury.

Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyer

One of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK).

Jonathan Reynolds, the business secretary, said officials will “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge, Brinsworth and Wednesbury.

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Speciality Steel (ORG) Sanjeev Gupta’s (PERSON) Britain (LOCATION) Yorkshire (LOCATION) SSUK).Jonathan Reynolds (PERSON) Rotherham (LOCATION) Stocksbridge (LOCATION) Brinsworth (PERSON) Wednesbury (PERSON)
Originally published by The Guardian UK Read original →

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