National Steel Company shares rise 5.91% intraday after UK government takes control of Liberty Steel division.
ByAinvest
Friday, Aug 22, 2025 1:11 pm ET1min read
SID--
National Steel Company rose 5.91% intraday, with the UK government taking control of a part of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, after the business was placed into liquidation. The government will cover the ongoing costs of the business while it tries to find a buyer, which could potentially benefit National Steel Company by reducing competition from cheap imports.
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