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Last Updated: Wednesday, 18 June, 2003, 07:13 GMT 08:13 UK
Jobs threat at steel group
More than 500 jobs are under threat in the Black Country and Shropshire after administrators were called in to a group of steel companies.

Deloitte and Touche has been appointed to handle the affairs of David Fabb Holdings Ltd, based in Old Wharf Road, Stourbridge.

There are 11 companies in the group, including the largest, Servosteel in Dudley.

The group has a turnover in excess of 40m and employs 570 people across the Black Country and Shropshire.

Major processor

A spokesman from Deloitte and Touche said the intention was to sell off the companies as going concerns.

Steel magnate David Fabb bought Servosteel, formerly Weldall, about 15 years ago.

The company is a major processor to many UK steel users.

The group includes Hornsey Gates and Engineering, in Jackfield, Shropshire, which is one the UK's largest manufacturer of farm gates and sheep hurdles.

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