“This is very worrying news for the thousands of workers and their families employed at British Steel, including the sites at Lackenby and Skinningrove.
“I understand that discussions between the company, government, lenders and trade unions are ongoing and I urge ministers to do everything in their power to do what is needed to resolve the situation.
“The steel industry is crucial, underpinning our manufacturing sector, and another of its biggest players cannot be allowed to fail. The chaotic handling of Brexit and the uncertainty it has caused has contributed to this crisis, as has a failure to learn from the 2015 steel crisis and tackle the underlying problems, despite solutions being offered. It is time the government stepped up and met its responsibilities to support British industry.”
Responding to the news that British Steel is seeking additional funding to avert collapse, Labour and Co-operative MP for Redcar, Anna Turley, said: