British Steel Forced Into Liquidation But Will Continue to Trade

British Steel was forced into liquidation on Wednesday though Britain’s second largest steelmaker will continue to trade and supply its customers, the official receiver said, Reuters reported. “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,” the official receiver said. “The court also appointed Special Managers to assist me with my work and they are engaging with staff and their representatives to keep them informed, as well as contacting British Steel’s customers.” Read more