Norway’s Blastr Green Steel is among a small group of bidders still in talks with the UK’s Official Receiver over a potential acquisition of Speciality Steel UK (SSUK), formerly owned by Liberty Steel, according to media reports.
SSUK was placed into compulsory liquidation in August 2025 following prolonged financial difficulties after the collapse of Liberty Steel’s main lender. Since then, the company has struggled to secure raw materials and manage mounting liabilities, with the Official Receiver overseeing the process as court proceedings continue and potential rescue options are assessed.
Blastr is competing with other interested parties, including UAE-based Arabian Gulf Steel Industries (AGSI) and 7 Steel UK, formerly Celsa Steel UK, which was acquired in April 2025 by Sev.en Global Investments, owned by Czech investor Pavel Tykac.
Blastr aims to build a vertically integrated, low-carbon steel value chain and plans to produce 2.5 mln tons per year of ultra-low-carbon flat steel using green hydrogen at a proposed plant in Inkoo, Finland. The company is also developing pellet production capacity, with potential sites under review in Norway.
SSUK operates steelmaking facilities in Rotherham and Stocksbridge, producing high-value alloy steels for the aerospace, defence and energy sectors.
