British Steel Marks 1 Year of Existence under Jingye
British Steel marked the first anniversary on 9 March 2021 by thanking customers, suppliers and new owners for their continued and valued support.
British Steel marked the first anniversary on 9 March 2021 by thanking customers, suppliers and new owners for their continued and valued support. British Steel said “Jingye Group has given us their resolute backing and is committed to investment, enabling us to put our company on a more sustainable footing. This money will be invested in new technology in our drive to reduce emissions, maintain equipment, ensure production, reduce costs, support clean growth and protect and create new jobs. During our first year we’ve achieved significant operational improvements, launched new products, introduced 24-7 operations at our Teesside and Skinningrove mills and resumed operational control of Immingham Bulk Terminal.”
It said “The combined efforts of our people and our owners mean we’ve also started to turn losses into profits, a significant step forward for this business. We’re increasing production, reducing costs, growing into new markets and are well-placed to make a significant contribution to the UK’s economic recovery. We still need to overcome many challenges but the progress we’re making gives us great optimism.”
British Steel also said “COVID-19 means it has been, and continues to be, a challenging period for people and businesses across the globe and we’re extremely grateful for the incredible spirit our employees have shown during this period. Their commitment and flexibility has enabled us to maintain safe operations, and iron and steel production, throughout the pandemic. This has ensured we can keep fulfilling our customers’ requirements.”