Liberty Steel is to sell its Stocksbridge plant as part of the troubled firm’s restructuring in the wake of the collapse of lender Greensill.

The sale of the aerospace and special alloys steel business near Sheffield will also see its “downstream” plants at Brinsworth, near Rotherham, and West Bromwich offloaded, the company said.

Liberty added it had already begun sale processes for Liberty Aluminium Technologies and Liberty Pressing Solutions, which also have UK plants.

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The company, part of Sanjeev Gupta’s GFG Alliance, said the Stocksbridge sale would help it complete its UK restructuring and refinancing and allow it to focus on its plant at Rotherham.

A spokesman declined to add any further comment when asked about the prospects of a sale.

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