UAE-based steelmaker Arabian Gulf Steel Industries (AGSI) has been named among a small group of parties expressing interest in acquiring Speciality Steels UK (SSUK), formerly owned by Liberty Steel, according to a report by Sky News.
SSUK was placed into compulsory liquidation in August 2025 following prolonged financial difficulties after the collapse of Liberty Steel’s main lender. The business has since struggled to secure raw materials and manage mounting debts. The UK government’s official receiver is overseeing the process, with court proceedings continuing as potential rescue options are explored.
SSUK operates steelmaking sites at Rotherham and Stocksbridge, producing high-value alloy steels for the aerospace, defence and energy sectors. One source cited in the report suggested AGSI could seek financial backing from Britain’s National Wealth Fund to support a takeover and restart steelmaking operations at the Yorkshire plants.
AGSI is a privately owned steel producer and the largest scrap recycler in the UAE, with annual production capacity of 450,000 tons of billet, 360,000 tons of rebar, and 240,000 tons of light and medium sections.
