NEWSBREAK: British Steel enters compulsory liquidation [UPDATED]

Troubled UK long steel producer British Steel has been placed into compulsory liquidation following an order from the UK high court, the UK official receiver, part of the UK’s Insolvency Service, said on Wednesday May 22.

"The company in liquidation is continuing to trade and supply its customers while I consider options for the business. Staff have been paid and will continue to be employed," a...

Published

Viral Shah

May 22, 2019

12:15 GMT

London