British Steel’s new billet caster, which is among GBP 330 million worth of investments Chineseowner Jingye has made in the UK business since acquiring it 3 years ago, is scheduled to be commissioned this Spring. The new caster will manufacture lengths of billets with enhanced internal and surface qualities, enabling British Steel to become more competitive and expand our offering to customers.The GBP 54 million projects is the largest single investment Jingye has made since purchasing British Steel in 2020. Other significant investments in this period include:GBP 26 million Special Profiles Mast Service Centre, to be opened at Skinningrove site later this year. to enable British Steel to make and process an extended range of value-added profiles for the forklift industryGBP 27 million investments in 3 new cranes at port facility at Immingham Bulk Terminal. The new machinery uses the latest technical advances in dig depth optimisation to ensure continuous peak performanceGBP 14.6 million investments to enhance energy operations including projects to improve the way British Steel recycle works arising gases and generate electricityIT systems upgrade, scheduled to go live in March, to ensure that colleagues, customers and suppliers benefit from the latest information technologyBritish Steel’s investment strategy is aligned to decarbonization plans, which will see British Steel embrace new technology and ways of working to help our drive to reduce emissions and support clean growth.However British Steel’s CEO Mr Xifeng Han said: “Steel is vital to modern economies and with demand expected to grow over the coming decades, British Steel has a vital role to play in ensuring the UK has its own supply of high-quality steel. To make sure we can deliver the steel Britain requires, we’re undergoing the biggest transformation in our 130-year history. Jingye is committed to our long-term future but we also require the UK Government to provide the necessary support, policies and frameworks to back our drive to become a clean, green and sustainable company. We’re continuing formal talks with the government about decarbonization, along with the global challenges we currently face. The government understands the significant impact the economic slowdown, rising inflation and exceptionally high energy and carbon prices are having on businesses like ours, particularly during such a key period in our transformation.”
British Steel’s new billet caster, which is among GBP 330 million worth of investments Chineseowner Jingye has made in the UK business since acquiring it 3 years ago, is scheduled to be commissioned this Spring. The new caster will manufacture lengths of billets with enhanced internal and surface qualities, enabling British Steel to become more competitive and expand our offering to customers.The GBP 54 million projects is the largest single investment Jingye has made since purchasing British Steel in 2020. Other significant investments in this period include:GBP 26 million Special Profiles Mast Service Centre, to be opened at Skinningrove site later this year. to enable British Steel to make and process an extended range of value-added profiles for the forklift industryGBP 27 million investments in 3 new cranes at port facility at Immingham Bulk Terminal. The new machinery uses the latest technical advances in dig depth optimisation to ensure continuous peak performanceGBP 14.6 million investments to enhance energy operations including projects to improve the way British Steel recycle works arising gases and generate electricityIT systems upgrade, scheduled to go live in March, to ensure that colleagues, customers and suppliers benefit from the latest information technologyBritish Steel’s investment strategy is aligned to decarbonization plans, which will see British Steel embrace new technology and ways of working to help our drive to reduce emissions and support clean growth.However British Steel’s CEO Mr Xifeng Han said: “Steel is vital to modern economies and with demand expected to grow over the coming decades, British Steel has a vital role to play in ensuring the UK has its own supply of high-quality steel. To make sure we can deliver the steel Britain requires, we’re undergoing the biggest transformation in our 130-year history. Jingye is committed to our long-term future but we also require the UK Government to provide the necessary support, policies and frameworks to back our drive to become a clean, green and sustainable company. We’re continuing formal talks with the government about decarbonization, along with the global challenges we currently face. The government understands the significant impact the economic slowdown, rising inflation and exceptionally high energy and carbon prices are having on businesses like ours, particularly during such a key period in our transformation.”
