The British government planned to support Liberty Steel
Time:Mon, 22 Mar 2021 07:38:53 +0800
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According to the reports, British politicians stated that the government must support Liberty Steel in order to avoid bankruptcy when necessary, which are related to thousands of job opportunities in the steel industry.
In addition, some people have urged the government will speed up the actions in this matter and provide safety for the workers on site, and even the option of nationalization should be taken into account.
Some market participants indicated that Liberty Steel began to implement temporary layoffs for some of its employees in the UK and confirmed that some divisions likely operate intermittently, especially special steel is the most affected product.
Some European countries consider the possibility of national operations to decide whether support Liberty Steel.
