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| Redcar steelworks: Owners SSI go into liquidation | Redcar steelworks: Owners SSI go into liquidation |
| (35 minutes later) | |
| SSI UK, which owns the Redcar steelworks, has gone into liquidation. | SSI UK, which owns the Redcar steelworks, has gone into liquidation. |
| The Thai parent company was earlier granted an application to wind up the UK arm of its business at the High Court in Manchester. | |
| On Monday, it was announced the plant on Teesside was to be mothballed with the loss of 1,700 jobs. | On Monday, it was announced the plant on Teesside was to be mothballed with the loss of 1,700 jobs. |
| In response, the government made an aid package of "up to £80m" available for those affected but has ruled out state intervention at the plant. | |
| See the latest reaction to the news on the BBC North East Local Live page. | See the latest reaction to the news on the BBC North East Local Live page. |
| In an email to staff, the director of SSI UK, Cornelius Louwrens, said he would try to determine how operations would be affected but there would be a focus on keeping the coke ovens - essential for any future steel making on the site - burning. | In an email to staff, the director of SSI UK, Cornelius Louwrens, said he would try to determine how operations would be affected but there would be a focus on keeping the coke ovens - essential for any future steel making on the site - burning. |
| The GMB union said it was seeking to establish what liquidation would mean for workers. | The GMB union said it was seeking to establish what liquidation would mean for workers. |
| Steve Readman, site convenor, said: "This is an extremely worrying time for our members and their families and the wider community and we will be doing all we can to support them. | Steve Readman, site convenor, said: "This is an extremely worrying time for our members and their families and the wider community and we will be doing all we can to support them. |
| "We will want the government and the liquidator to involve all interested parties who may wish to acquire the site and speak to them to save as much of the site as possible." | "We will want the government and the liquidator to involve all interested parties who may wish to acquire the site and speak to them to save as much of the site as possible." |
| Gareth Stace, director of trade group UK Steel, said: "It may be too late for SSI but the situation in Redcar brings the problems facing the UK steel sector into sharp relief. | Gareth Stace, director of trade group UK Steel, said: "It may be too late for SSI but the situation in Redcar brings the problems facing the UK steel sector into sharp relief. |
| "The government must now spearhead efforts to support the steel industry and the supply chains it feeds. | "The government must now spearhead efforts to support the steel industry and the supply chains it feeds. |
| "The steel site in Redcar remains a viable and efficient plant and the government-led steel summit taking place in two weeks will be a make-or-break event for the entire industry." | "The steel site in Redcar remains a viable and efficient plant and the government-led steel summit taking place in two weeks will be a make-or-break event for the entire industry." |
| Earlier, the government revealed its aid package but it was swiftly followed by Business Secretary Sajid Javid warning of "more bad news to come" . | Earlier, the government revealed its aid package but it was swiftly followed by Business Secretary Sajid Javid warning of "more bad news to come" . |
| He said the package would include retraining and help for those setting up small businesses but ruled out government intervention to save the steelworks. | He said the package would include retraining and help for those setting up small businesses but ruled out government intervention to save the steelworks. |
| "With the global price in steel collapsing by more than a half because of huge over capacity in just a year alone, and this plant making steel at a cost which is above the world price, I don't think anyone realistically has looked at this and thought that there's a way to keep this going as a viable business," Mr Javid said. | "With the global price in steel collapsing by more than a half because of huge over capacity in just a year alone, and this plant making steel at a cost which is above the world price, I don't think anyone realistically has looked at this and thought that there's a way to keep this going as a viable business," Mr Javid said. |
| "Notwithstanding the EU state aid rules that would make it illegal. So that's why our focus has rightly been around making sure that the workers get the support that they need - and that's what this package is about." | "Notwithstanding the EU state aid rules that would make it illegal. So that's why our focus has rightly been around making sure that the workers get the support that they need - and that's what this package is about." |
| 'Forget Thai company' | 'Forget Thai company' |
| Business Minister Anna Soubry, added: "It's not lost on anybody the importance of keeping the coke ovens going, we know that if you don't have the coking ovens working they will collapse. | Business Minister Anna Soubry, added: "It's not lost on anybody the importance of keeping the coke ovens going, we know that if you don't have the coking ovens working they will collapse. |
| "All the people that need to be aware of the importance of keeping the coke ovens alight know that, they know the need to act quickly. | "All the people that need to be aware of the importance of keeping the coke ovens alight know that, they know the need to act quickly. |
| "Forget the Thai parent company, forget them completely. They've got their own problems of debt so bad they have gone into this rehabilitation order. The three people in charge are the three Thai banks. | "Forget the Thai parent company, forget them completely. They've got their own problems of debt so bad they have gone into this rehabilitation order. The three people in charge are the three Thai banks. |
| "The most important thing is what happens now with the £80m support package. | "The most important thing is what happens now with the £80m support package. |
| "Some of it will go on redundancies but the majority is to get people into the training and the skills they need for alternative work." | "Some of it will go on redundancies but the majority is to get people into the training and the skills they need for alternative work." |
| Middlesbrough South Labour MP Tom Blenkinsop said: "We need to keep talking with the government, but my understanding in relation to state aid is that it only applies to companies that trade. | Middlesbrough South Labour MP Tom Blenkinsop said: "We need to keep talking with the government, but my understanding in relation to state aid is that it only applies to companies that trade. |
| "Now this site is no longer trading, it has been liquidated. These are assets owned by three Thai banks but they are not trading. | "Now this site is no longer trading, it has been liquidated. These are assets owned by three Thai banks but they are not trading. |
| "Therefore, we need to make the argument with the receiver that the quickest way to make value of these assets for those creditors, is to put them in the hands of people who potentially want to run them and trade." | "Therefore, we need to make the argument with the receiver that the quickest way to make value of these assets for those creditors, is to put them in the hands of people who potentially want to run them and trade." |