In 2019 British Steel was placed into compulsory liquidation following years of under investment. On 9th March 2020 the company assets were bought out of liquidation by a Chinese steelmaker, Jingye Group.
The Procurement team were fundamental in ensuring the sales process was completed successfully actively engaged in 2 periods of intense due diligence. Once the sale was completed the team accepted the most aggressive savings target in their history against the backdrop of a depleted team and a supply base who had lost tens of millions of pounds due to the liquidation. The fight was on!