British Steel’s demise reflects wider sector stress

The search is underway for a potential buyer for British Steel’s assets after the UK High Court ordered the company’s compulsory liquidation Wednesday.

While the official receiver and accountancy firm EY scan for possible interest, British Steel is not alone in battling rising raw material costs and global steel oversupply — common themes across Europe. The following key facts illustrate the headwinds facing British Steel and the wider European steel market.