A union and local MPs welcome the investment, but remain concerned about long-term stability, high business rates, and energy costs.
Roy Rickhuss, general secretary of the Community union, said the announcement was"overdue but an important step in the right direction".
He added:"The government must play their part and act now to protect our industry from the consequences of soaring energy prices."Local MP and Labour's shadow defence secretary, John Healey, said that while it was a"breakthrough" following months of uncertainty, the £50m"won't be enough for long". He added:"So full, long-term refinancing for Liberty UK now needs to follow rapidly. Only then will Rotherham breathe more easily."
Rotherham MP Sarah Champion tweeted that it was"hugely welcomed news", adding:"Now the government needs to play its part and commit to use British steel in its infrastructure projects and address the high business rates and energy costs."
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