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Chamber response to British Steel receivership


James Ramsbotham's reaction to British Steel.

Reacting to the news British Steel have gone into Receivership James Ramsbotham, Chief Executive said:

“This is devastating news both for the North East and the UK as a whole. In refusing to step in and provide assistance to the Company is a gross misjudgement by the Government.

Steel is a strategic industry and an integral part of the UK supply chain and ending our ability to produce steel leaves us at the mercy of overseas producers. The Teesside mills at Lackenby and Skinningrove are two facilities of national importance and everything possible should now be done to ensure a buyer for those profitable sites is found.

Following the collapse of SSI the whole of the Tees Valley pulled together to ensure the closure did not become an economic catastrophe and the Chamber and business community stand ready to assist those affected both in British Steel and the supply chain.”