Liberty Steel has announced that it is investing further in its Rotherham site to boost production to over one million tonnes per annum.
The company has made substantial investments in the Rotherham steel operations it acquired three years ago from Tata Steel, when the business was producing just 225,000 tonnes per annum.
In 2018, HRH Prince Charles switched on the second Electric Arc Furnace, the “N Furnace” at Aldwarke. Various upgrades to the plant has enabled the business to more than double production at Rotherham to over 500,000 tonnes per annum.
Further investments are set to expand the site’s product mix and make more productive use of its rolling mills to target attractive market segments.
The product range of its Thrybergh Bar Mill at Rotherham will include the production of construction rebar from September 2020. There are also plans to add capability to produce wire rod to feed both engineering and construction markets.
Sanjeev Gupta, group executive chairman at Liberty Steel, said: “It has been three years since we acquired the business from Tata Steel and expanded steelmaking at Rotherham under our GREENSTEEL vision for the UK. Since then we’ve made vital upgrades to the plant, doubling production, and returned the business to profitability before it was affected by a Brexit impacted weak steel market in 2019 which has been followed by the COVID-19 pandemic.
“As we make plans for a post-pandemic economy, we have challenged ourselves to think differently across our product mix, assets and cost base to improve competitiveness and prepare for a new future. With the new developments at Thrybergh Bar Mill the business is well prepared to win a greater share of the construction market in the UK with a competitive GREENSTEEL rebar offering for projects such as HS2 which will lead to a significant boost in production at Rotherham.”
Images: Liberty Steel