Advertisement

  1. ITV Report

'Good progress' made in hunt to find buyers for British Steel, receivers reveal

Good progress is being made in identifying potential buyers for British Steel, the official receiver has said.

The steelworks has dominated the Scunthorpe skyline for years Credit: Press Association

Officials say they have made contact with more than 80 potential buyers, 60 of whom have been sent non-disclosure agreements.

A statement from the Official Recevier said: "The indemnity provided to me has enabled British Steel to continue to trade and the company retains good support from its customers.

"I would like to thank the workforce for their ongoing support.

"All staff have been retained and continue to be paid."

4,500 jobs at the plant itself are under threat Credit: Press Association

British Steel was wound up in the High Court last week and special managers were appointed.

Today's update comes seven days after the town learned the company was on the verge of collapse.

Rescue talks between the Government and the company's owner Greybull broke down, putting at risk 4,500 jobs at the plant itself, and up to 20,000 more in the supply chain.