Sahaviriya Steel Industries UK: Redcar

Department for Business, Innovation and Skills written question – answered on 13th November 2015.

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Photo of Anna Turley Anna Turley Shadow Minister (Cabinet Office)

To ask the Secretary of State for Business, Innovation and Skills, what steps (a) he and (b) his Department made to secure a buyer for Redcar coke ovens and blast furnace before the Official Receiver called for a hard closure.

Photo of Anna Soubry Anna Soubry The Minister of State, Department for Business, Innovation and Skills

Commercial decisions on the purchase of assets are the prerogative of the companies involved and government has no powers to oblige companies to purchase assets.

On liquidation of a company, it is the responsibility of the liquidator to sell the free assets of the company. In the case of SSI UK, this was the Official Receiver.

I am informed that the Official Receiver did maintain operations at SSI, including the coke ovens, for a period while he tried to find purchasers for the assets of SSI UK but as of the 12 October, no purchaser had been found and the Official Receiver ceased operations of the coke ovens and blast furnace.

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