Liberty Steel Asks Some Customers in UK to Pay Up Front
Liberty Steel UKBloomberg

Liberty Steel Asks Some Customers in UK to Pay Up Front

BBC reported that Liberty Steel UK is asking some customers to pay up front as it struggles with cash flow. Sources close to the company insisted that the

BBC reported that Liberty Steel UK is asking some customers to pay up front as it struggles with cash flow. Sources close to the company insisted that the specialist products Liberty produces, particularly at its Stocksbridge plant near Sheffield, are hard to source from other suppliers at short notice. But that idea of paying up front may be unattractive to many customers who might reasonably fear their money and their deliveries could get frozen in any future insolvency process.

Liberty Steel is under pressure after its main financial backer Greensill Capital went bust two weeks ago.

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