Ministerial statement on Tuesday, 2 September 2025, in the House of Commons, led by Sarah Jones.

Speciality Steel UK: Insolvency

Statement on the insolvency of Speciality Steel UK Ltd, part of the Liberty Steel Group.

Secondary information

Type: Parliamentary proceeding
Reference: 772 cc145-159
Session: 2024-26
Department: Department for Business and Trade
Chamber / Committee: House of Commons chamber
Proceeding contributions: Sarah Jones | 772 cc145-7 (Link to this contribution)
I would like to make a statement regarding the insolvency of Speciality Steel UK Ltd, which is pa...; Lindsay Hoyle | 772 c147 (Link to this contribution)
I call the shadow Minister.
12.51 pm; Gareth Davies | 772 cc147-8 (Link to this contribution)
I am grateful to the Minister for giving me advance sight of her statement today, but here we are...; Lindsay Hoyle | 772 c148 (Link to this contribution)
Order—[Interruption.] No, it’s no use nodding at me. I have not gone over time; it is the shadow ...; Gareth Davies | 772 c148 (Link to this contribution)
I am, Mr Speaker. Although I have lots of questions, I will ask just two very quick ones, if that...; Lindsay Hoyle | 772 c148 (Link to this contribution)
You must ask them now, otherwise I am going to stop you.; Gareth Davies | 772 c148 (Link to this contribution)
I will, Mr Speaker.
What is the budget for the official receiver? The Minister has not laid...; Lindsay Hoyle | 772 c149 (Link to this contribution)
Order. Please, it is not acceptable on either side of the House to take advantage of the Back Ben...; Liam Byrne | 772 c149 (Link to this contribution)
Thank you very much, Mr Speaker—; Lindsay Hoyle | 772 c149 (Link to this contribution)
Order. The Minister needs to respond. It’s been that long that I had forgotten.; Sarah Jones | 772 c149 (Link to this contribution)
Thank you, Mr Speaker. I shall just explain to the shadow Minister how the system works. The Gove...; Lindsay Hoyle | 772 c149 (Link to this contribution)
I will try again: I call the Chair of the Select Committee.; Liam Byrne | 772 c150 (Link to this contribution)
I congratulate the Minister on saving Britain’s real engineering from years of financial engineer...; Sarah Jones | 772 c150 (Link to this contribution)
I thank my right hon. Friend for those helpful questions. He reminded me that the shadow Minister...; Lindsay Hoyle | 772 c150 (Link to this contribution)
I call the Liberal Democrat spokesperson.; Sarah Olney | 772 cc150-1 (Link to this contribution)
May I start by associating the Liberal Democrats with the Minister’s remarks in support of the em...; Sarah Jones | 772 c151 (Link to this contribution)
I thank the hon. Lady for her remarks. She is right to ask about how we ensure that this national...; Sarah Champion | 772 cc151-2 (Link to this contribution)
You will be aware, Mr Speaker, that as long as I have been an MP, I have been coming to this Cham...; Sarah Jones | 772 c152 (Link to this contribution)
I thank my hon. Friend for those remarks; they are gratefully received, and we will continue to d...; Gavin Williamson | 772 c152 (Link to this contribution)
The Minister is obviously incredibly committed to the steel industry, as we all are, but manufact...; Sarah Jones | 772 c152 (Link to this contribution)
The right hon. Gentleman makes a good point. Of course, our energy prices are too high and it is ...; Marie Tidball | 772 c153 (Link to this contribution)
Liberty’s Speciality Steels UK has failed its highly skilled workers. This ongoing situation has ...; Sarah Jones | 772 c153 (Link to this contribution)
My hon. Friend and I have spoken many times about this—she is such a champion for the industry, a...; Andrew Snowden | 772 c153 (Link to this contribution)
This is the second crisis in the steel industry in the past year. It impacts other commercially o...; Sarah Jones | 772 c153 (Link to this contribution)
The hon. Gentleman is right to point out the importance of our defence industry and the need for ...; Clive Betts | 772 c154 (Link to this contribution)
First, I thank the Minister for her action—after 14 years of inaction by the Conservative party, ...; Sarah Jones | 772 c154 (Link to this contribution)
Yes, within the parameters of what we can do legally, in terms of subsidies. We are ensuring, and...; Chris Law | 772 c154 (Link to this contribution)
The Minister was right to come here today to make a statement on such an important part of the na...; Lindsay Hoyle | 772 c154 (Link to this contribution)
It is up to the Minister to answer that question if she wants to, but the statement is about stee...; Sarah Jones | 772 c154 (Link to this contribution)
Thank you, Mr Speaker. I will just say that we have very much stood with the workers of Grangemou...; Olivia Blake | 772 c154 (Link to this contribution)
I thank the Minister for her action. Steel remains a key part of the South Yorkshire industrial a...; Sarah Jones | 772 c155 (Link to this contribution)
Of course. I share that gratitude for those amazing colleagues who stand up for what they know to...; Julian Lewis | 772 c155 (Link to this contribution)
I am grateful to the Minister for the frankness of her statement. She says that the director of t...; Sarah Jones | 772 c155 (Link to this contribution)
The right hon. Gentleman should perhaps go for a tour and see what the speciality is, but it is d...; Gill Furniss | 772 c155 (Link to this contribution)
I congratulate the Minister on the decisions she has made in the last few weeks. We in Sheffield ...; Sarah Jones | 772 c156 (Link to this contribution)
I thank my hon. Friend for pointing out the failings of the Opposition, which we all understand v...; Richard Tice | 772 c156 (Link to this contribution)
I congratulate the Minister and the Government on doing the right thing in supporting our steel i...; Sarah Jones | 772 c156 (Link to this contribution)
The official receiver is independent. Of course, we are very interested in this, and are keeping ...; Jessica Morden | 772 c156 (Link to this contribution)
Like others, I very much appreciate the support being given today and the wider work being done o...; Sarah Jones | 772 c156 (Link to this contribution)
We talked before Parliament returned about how we can support Llanwern and the work done there. M...; Andrew Murrison | 772 c156 (Link to this contribution)
British warships are made with a mixture of UK and non-UK steel. What impact will this announceme...; Sarah Jones | 772 c157 (Link to this contribution)
Navantia, which is building three ships, has recently entered into a contract to use Liberty’s st...; Chris McDonald | 772 c157 (Link to this contribution)
It would have enhanced the shadow Minister’s response if he had at least acknowledged that this G...; Sarah Jones | 772 c157 (Link to this contribution)
I thank my hon. Friend for his words, and particularly his thanks to officials in the Department,...; Llinos Medi | 772 c157 (Link to this contribution)
The Government have made direct interventions for steel jobs in Scunthorpe and now in Rotherham. ...; Sarah Jones | 772 c157 (Link to this contribution)
As the hon. Lady will know, one of the blast furnaces had already closed by the time we came into...; Luke Myer | 772 c158 (Link to this contribution)
I thank the Minister for her statement, and for the decisive action this Government have taken to...; Sarah Jones | 772 c158 (Link to this contribution)
Liberty Pipes is separate and is not part of this situation at all. Of course, there will be conc...; John Cooper | 772 c158 (Link to this contribution)
It is good news that Liberty Steel Dalzell in Scotland is not involved in this immediate crisis, ...; Sarah Jones | 772 c158 (Link to this contribution)
As the hon. Gentleman knows, Dalzell is a separate legal entity, so it is not affected, but he is...; Sammy Wilson | 772 c158 (Link to this contribution)
The Minister is right to state that the business environment has not been good for the UK steel i...; Sarah Jones | 772 cc158-9 (Link to this contribution)
Industrial energy prices doubled under the previous Government. The right hon. Gentleman knows th...; Bradley Thomas | 772 c159 (Link to this contribution)
UK manufacturing has been undervalued for far too long. One of the best ways to support industry ...; Sarah Jones | 772 c159 (Link to this contribution)
UK manufacturing suffered under the previous Government, who had no strategy, did not really beli...; Jim Shannon | 772 c159 (Link to this contribution)
I thank the Minister for her statement and for her commitment. On anything that I have ever had t...; Sarah Jones | 772 c159 (Link to this contribution)
I thank the hon. Gentleman for his kind words. He is right to point to the supply chain and the n...
Subjects: Disclosure of information Liability Insolvency Iron and steel Government guaranteed credit Skilled workers South Yorkshire Corporate governance Liberty Steel Speciality Steel UK
Link: View this Parliamentary proceeding on hansard.parliament.uk

Speciality Steel UK: Insolvency

Secondary information

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