Steel industry

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Administrators called in

steel
MERIDIANMETALTRADING

Administrators have been appointed to Dudley-based Meridian Metal Trading.

Allan Graham, joint administrator at Duff & Phelps. said: “It is our intention to continue to trade the business until a buyer is found, a process that we do not think will take long as there are already a number of expressions of interest. As of today there have been no redundancies and it is very much business as usual"

The business - which processes steel sheet and coil, and supplies close to 250,000 tonnes of steel to hundreds of customers annually - employs 170 people at service centres in Guildford and Sheffield, and sales offices in Bolton and Newport, South Wales.

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