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PARLIAMENTARY WRITTEN QUESTION
Sahaviriya Steel Industries UK: Redcar (4 November 2015)

Question Asked

To ask the Secretary of State for Business, Innovation and Skills, when concerns were first raised with his Department over the financial viability of SSI in Redcar.

Asked by:
Anna Turley (Labour)

Answer

SSI UK had been in financial difficulties ever since it reopened the Redcar plant in 2012. This is a company that unfortunately made significant losses. In 2012, it lost £275million. In 2013, it lost £193.5million. In 2014, it lost £81million. And up to the end of June in 2015, it had lost £92.5m


Answered by:
Anna Soubry (The Independent Group for Change)
16 December 2015

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