Aerospace Firms Urge Mr Kwarteng Intervention in Liberty Steel UK
Sky News reported that industry association ADS representing Britain's biggest aerospace employers, including Rolls-Royce Holdings and Airbus, has urged the
Sky News reported that industry association ADS representing Britain's biggest aerospace employers, including Rolls-Royce Holdings and Airbus, has urged the UK’s Business Secretary Mr Kwasi Kwarteng highlight its members' reliance on the specialist steels produced by Mr Gupta's UK plants to step into the crisis engulfing the steel tycoon Mr Sanjeev Gupta amid fears of a global shortage of specialist materials. ADS interim chief executive Mr Kevin Craven in a letter sent last week told Mr Kwarteng that the industry had become deeply concerned about the continuity of steel supply required for its members' engineering and manufacturing operations to continue. The ADS plea specifically referred to concerns about production at GFG's facilities in Rotherham and Stocksbridge, which are big suppliers to the aerospace sector. It also highlighted the risk of rising costs and lengthy delays to source equivalent steel products from elsewhere because of issues relating to certification and traceability
An ADS spokesperson declined to comment on the letter to Mr Kwarteng, but said "We are in discussions with our members over any potential implications to our industries in the event that supplies from Liberty Steel were disrupted. All discussions are commercially confidential. It is in the interest of our industries for a solution to be found that ensures continuity of production at Liberty's steelworks."
Liberty Steel sites in Rotherham and Stocksbridge in South Yorkshire produce high-strength steel that is resistant to corrosion, making it a key material for jet engines, landing gear and other parts such as the propellers on smaller aircraft.