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BBC News By Simon Jack image copyrightGetty Images The UK s third largest steel maker, Liberty Steel, has announced plans to sell off its Stocksbridge steel plant as part of a restructuring plan. It says the move will allow it to pay back one of its main creditors in full. The announcement comes after a meeting over the weekend in Dubai between Liberty boss Sanjeev Gupta and representatives of Credit Suisse. The investment bank lost more than £1bn when Mr Gupta s main financial backer Greensill Capital went bust in March. Mr Gupta is now struggling to finance his UK operations, and 5,000 steel jobs at Liberty hang in the balance.

United kingdomUnited arab emiratesWest bromwichSimon jackSanjeev guptaNational trade union steel coordinating committeeCredit suisseSerious fraud officeUnited kingdom serious fraud officeFinancial conduct authorityLiberty steelGreensill capitalSerious fraudPerformance steelsஒன்றுபட்டது கிஂக்டம்ஒன்றுபட்டது அரபு அமீரகங்கள்