Celsa secures loan from UK govt to support operations through pandemic

Long steel producer Celsa Steel UK has been granted an emergency support package by the British government, the UK's Department for Business, Energy & Industrial Strategy said earlier this week.

The emergency loan will allow the Cardiff-based producer to continue trading, according to the official release.
"The agreement will safeguard a key supplier to the UK construction industry and secures more than 1,000 jobs, including more than 800 positions at the company’s main sites in South Wales," the release reads.

The government did not disclose the amount...


Julia Bolotova

July 03, 2020

10:16 GMT