More than £60 million is to be invested by Liberty Steel in South Yorkshire as it gears up to supply transport, defence and construction sectors from its Greensteel hub.
The company, part of GFG Alliance, is aiming to play a key role in the government’s Build Back Better plan.
Capital investment will remove production bottlenecks at its electric arc furnace and small bloom caster in Rotherham, helping the business to double existing steel output to one million tonnes a year
It is launching a public tender to upgrade its N-Furnace for increased scrap steel melting, make upgrades to Thrybergh Bar Mill and install a new rod block to produce wire rod and de-bar in coil.
Liberty said the programme will boost supply of sustainably-produced reinforcing bar ‘GreBar’ for schools, hospitals, houses, energy facilities and transport links as part of the 海角视频 government’s £100 billion infrastructure spending plan.
Jon Ferriman, managing director of Liberty Steel 海角视频, said: “We’ve already taken big strides by doubling production at Rotherham to 500,000 tonnes since we acquired the business, including the launch of sustainably-produced new components such as GreBar perfect for infrastructure projects like HS2. The investments we’re announcing today will now double production yet again and put us right on course to hit our target to produce one million tonnes a year at Rotherham.
“This is a truly exciting prospect for Rotherham which will guarantee its long term viability producing sustainable Greensteel for the growing construction and engineering sectors in the 海角视频.”
The move will reduce the 海角视频’s reliance on imported steel, helping to strengthen the 海角视频 supply chain and secure high-value jobs.
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The new initiatives follow hot on the heels of the first shipments of GreBar from Thrybergh targeted at 海角视频 infrastructure projects such as HS2.
Liberty aims to partner with a rebar fabrication company onsite for GreBar production.
It comes as Liberty and Acenta Steel, part of the Aartee Group, have agreed a deal to combine their engineering bar divisions to deliver a stronger, more efficient high precision steel business supplying industrial customers.
The deal will create Aartee Bright Bar, a 海角视频 market leader in bright bar steel used for high quality components in the automotive, general engineering, hydraulics and yellow goods industries.
Julian Schoch, existing managing director of Liberty’s Engineering Bar division, will be chief executive of the combined business which will have operations in South Yorkshire and the Midlands.
Sanjeev Gupta, executive chairman, GFG Alliance, said: “Liberty’s programme of further investment in South Yorkshire is proof that the 海角视频 steel industry can deliver the low carbon infrastructure Britain needs to build back better. With Government backing for 海角视频 steel in procurement for major construction projects, a resurgent steel sector can deliver a new generation of industrial skills and jobs.”