‘Pos­i­tive talks’ in steel buyer search

Rutherglen Reformer - - News -

There have been “sev­eral very pos­i­tive dis­cus­sions” with the man­u­fac­tur­ing gi­ant in­ter­ested in re­viv­ing Tata Steel’s La­nark­shire plants, the Scot­tish Govern­ment has con­firmed.

Lib­erty House ex­pressed an in­ter­est in pur­chas­ing the moth­balled Cly­de­bridge and Dalzell fac­to­ries at the be­gin­ning of the year, two months af­ter Tata Steel en­tered into ex­clu­sive talks with Grey­bull Cap­i­tal about a po­ten­tial buy­out of its UK op­er­a­tion.

This week af­ter an­other meet­ing of the Scot­tish Steel Task Force, a Scot­tish Govern­ment spokesman said: “The Scot­tish Steel Task­force is do­ing ev­ery­thing pos­si­ble to at­tract an al­ter­na­tive op­er­a­tor for the steel plants in Scot­land.

“In Jan­uary, Lib­erty House wrote to the First Min­is­ter to con­firm its in­ter­est in the two Scot­tish sites. Since then there have been sev­eral very pos­i­tive dis­cus­sions and we are work­ing hard to achieve the best pos­si­ble fu­ture for the plants.

“All par­ties are work­ing con­struc­tively to­gether to en­sure a vi­able fu­ture for the plants and se­cure a sus­tain­able fu­ture for Scot­tish steel.”

The Scot­tish Govern­ment has taken ac­tion to re­duce en­ergy costs, busi­ness rates and pro­cure­ment costs for the steel in­dus­try in an at­tempt to make the Cam­bus­lang and Mother­well plants an at­trac­tive busi­ness propo­si­tion.

More than 200 peo­ple were told their jobs were at risk when Tata Steel an­nounced it was seiz­ing its Scot­tish op­er­a­tion in Oc­to­ber.

The com­pany said in­creas­ing pro­duc­tion costs and the dump­ing of Chi­nese steel on the mar­ket meant it was in­creas­ingly dif­fi­cult to com­pete.

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