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Sahaviriya Steel Industries

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U.K.’s Second-Largest Steelmaker Closing English Steel Works

28 Sep 2015 - Thailand’s Sahaviriya Steel Industries (SSI) said it will mothball its Redcar steel works in Teesside, England, and lay off approximately 1,700 employees -- most of its workforce.

As SSI Falters, U.K. Steelmakers Ask for Government Support

25 Sep 2015 - British steelmakers and labor unions have called on government to offer more help to the industry in the wake of the production halt at SSI UK’s Redcar mill.

SSI Suspends Production at U.K. Mill, Undertakes Debt Restructuring

21 Sep 2015 - Thailand's Sahaviriya Steel Industries (SSI) and three main creditors said they will attempt to restructure THB50 billion (US$1.4 billion) in debt to repair the steelmaker’s balance sheet, Reuters reported.

Unions: Lack of Support Threatens U.K Steel Industry

16 Sep 2015 - Labor unions have called on the British government to do more to support the country's steel industry following reports that SSI UK's Redcar works, along with roughly 3,000 jobs, are in jeopardy.

U.K. Mill In Debt, Faces Uncertain Future

15 Sep 2015 - One of the United Kingdom’s largest steel mills is in financial peril, having missed a series of loan repayments to its banks, according to The Telegraph newspaper.

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