Hundreds of jobs in west Cumbria are at risk after the UK's second biggest steel producer entered official receivership.
Workington-based TSP Engineering - a wholly owned independent subsidiary of British Steel - employs more than two hundred people at its Curwen Road site.
British Steel had been seeking financial support from the Government, saying it faced a number of Brexit related issues.
The news was given to employees after a week of speculation, with theplant at Scunthorpe most affected, employing over 4,000 workers.
"The Government has worked tirelessly with British Steel, its owner Greybull Capital, and lenders to explore all potential options to secure a solution for British Steel.