UK markets open in 3 hours 15 minutes
  • NIKKEI 225

    28,983.31
    -204.86 (-0.70%)
     
  • HANG SENG

    29,004.38
    +249.04 (+0.87%)
     
  • CRUDE OIL

    61.82
    +0.39 (+0.63%)
     
  • GOLD FUTURES

    1,786.80
    +4.80 (+0.27%)
     
  • DOW

    33,815.90
    -321.41 (-0.94%)
     
  • BTC-GBP

    36,356.90
    -2,601.40 (-6.68%)
     
  • CMC Crypto 200

    1,146.07
    -96.98 (-7.80%)
     
  • ^IXIC

    13,818.41
    -131.81 (-0.94%)
     
  • ^FTAS

    3,965.04
    +29.40 (+0.75%)
     

Gupta's Liberty Steel to restart operations, in talks with UK government

Steel is seen in the rolling mill following the recommissioning of the works by Liberty Steel Group at the Dalzell steel plant in Motherwell

LONDON (Reuters) - Liberty Steel UK, owned by tycoon Sanjeev Gupta, said on Monday it plans to restart steelmaking next week as it continues to seek new funding after its main funder Greensill Capital went into insolvency.

Gupta's conglomerate GFG Alliance was also in "constructive discussions" with the UK government about potential assistance, it added in a statement.

(Reporting by Eric Onstad; editing by David Evans)