We regret to inform that there were factual errors in a news story published on December 15 “Aartee Group Acquires Acenta Steel from Liberty Steel” and the same has been deleted from our web site. The correct version, as shared by Liberty Steel, is being published and inconvenience caused is deeply regretted. GFG Alliance’s LIBERTY Steel has committed to a programme of new investments at its South Yorkshire GREENSTEEL production hub at Rotherham to supply the transport, defence, and construction sectors as part of the UK government’s Build Back Better plan. The investments, totalling more than GBP 60 million, will remove production bottlenecks at its electric arc furnace (N-Furnace) and small bloom caster in Rotherham, helping the business to double existing steel output to 1 million tonnes per annum. LIBERTY will launch 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.
The programme will boost supply of sustainably-produced reinforcing bar “GreBar” for schools, hospitals, houses, energy facilities and transport links as part of the UK government’s GBP 100 billion infrastructure spending plan. LIBERTY’s production increase will reduce the UK’s reliance on imported steel, helping to strengthen the UK supply chain and secure high-value jobs. The new initiatives follow hot on the heels of the first shipments of GreBar from Thrybergh targeted at UK infrastructure projects such as HS2. LIBERTY aims to partner with a rebar fabrication company onsite for GreBar production.
At the same time, 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 UK 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 the LIBERTY Engineering Bar division, will be Chief Executive of the combined business which will have operations in South Yorkshire and the Midlands.