Liberty Steel's parent company 'strong' despite collapse of lender

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The parent company of Liberty Steel is ‘operationally strong’ and has ‘adequate funding’ following the collapse of a lender.

Discussions to secure new financing following the collapse of Greensill are ‘progressing well,’ according to a spokesman for GFG Alliance.

It comes after fears were raised for 5,000 jobs when Liberty Steel's lender filed for administration.

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