Industrial magnate Sanjeev Gupta is racing against time to secure the future of Liberty Steel’s specialty arm, as pressure mounts from creditors and regulators. With the clock ticking, Gupta’s latest proposal could be the last hope for the struggling division.
A Critical Moment for Liberty Steel
The specialty steel division, a key part of Gupta’s GFG Alliance, faces imminent collapse unless a viable restructuring plan is approved. Sources close to the negotiations reveal that Gupta is finalising a last-ditch proposal to present to stakeholders, aiming to stave off liquidation and protect thousands of jobs.
Creditors Circle as Deadline Looms
Creditors, including major financial institutions, have grown increasingly impatient with the lack of progress. Some are pushing for a controlled wind-down of operations, while others remain open to a rescue deal—provided Gupta can deliver a credible turnaround strategy.
The Human Cost
At stake are not just financial assets but the livelihoods of employees across Liberty Steel’s UK plants. Unions have warned that failure to secure a deal could devastate local economies, particularly in regions already hit hard by industrial decline.
What’s Next?
Gupta’s plan is expected to include asset sales, refinancing arrangements, and operational restructuring. However, sceptics question whether it will be enough to satisfy creditors and regulators. The coming weeks will be decisive for the future of Liberty Steel—and for Britain’s struggling steel sector.
