The founder of Liberty Steel, Sanjeev Gupta, has revealed that the company owes "many billions" to collapsed financial backer, Greensill Capital.

The Secretary of State for Business has said the government is not willing to give financial support to Liberty Steel due to "opaque" finances by its owners.

Liberty Steel employs nearly 2,000 workers at sites in Rotherham, Stocksbridge and Scunthorpe.