Labour's MP for Penistone & Stocksbridge hoping to see a deal agreed 'soon' at Speciality Steel
The business was placed into compulsory liquidation last month
Last updated 26th Sep 2025
It's thought there is 'plenty' of interest in the UK's third largest steelworks - which's based in South Yorkshire.
Speciality Steel went into compulsory liquidation last month following a high court order.
The government has since stepped in to cover the wages of staff who work at their sites in Rotherham & Sheffield.
Marie Tidball is Labour's MP for Penistone & Stocksbridge:
"From the conversations I've had - I know a couple of potential buyers have already taken a look around the sites - and I'm really hopeful a deal will happen soon.
"There's a phenomenal opportunity there, and I want to see British made steel having a long lifespan in South Yorkshire - on our doorstep.
"The key thing is that there is a lot of interest in terms of buyers.
"We know that at its peak the Stocksbridge Speciality Steel base produced 15% of the world's aerospace and defence steel - and I want to see us getting back to that position once again.
"Our government understands the value and the importance of the sites in Stocksbridge and Rotherham."
Bosses at Speciality Steel - who employ around 1,500 people - described the move to wind up the business as 'irrational'.