Responding to the news that Ataer Holding will enter exclusive talks on the purchase of British Steel today, Labour and Co-operative MP for Redcar and Secretary of the All Party Parliamentary Group on Steel, Anna Turley, said:
“This is great news for British Steel and the thousands of workers and their families, including 700 on Teesside, who can now have some confidence that their industry has a future.

“Whilst the coming weeks will be crucial for hammering out the detail and successfully completing a sale, the outlook is now extremely positive.

“Ataer Holding have a strong connection to the global steel industry with their shareholding in the Turkish Erdemir group. I’ll be looking closely at the detail of their bid to ensure it delivers the investment in assets, people and innovation that we need.
“I want to pay tribute to Secretaries of State Greg Clark and Andrea Leadsom, the Official Receiver and EY, the trade unions, and the wider British Steel Support Group for their dedication to securing a successful outcome. No one wanted to see a repeated of the disaster in 2015 and to their credit ministers have stepped up this time, including with the support package for this sale.

“Thank you also to the workforce, suppliers, and customers whose hard work and commitment, especially during such huge uncertainty, has allowed this process to succeed.”
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