trending Market Intelligence /marketintelligence/en/news-insights/trending/epAIuxJz2z2tuRoW6m8dng2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Liberty House plans to increase U.K. steel output to 5 million tonnes

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1


Liberty House plans to increase U.K. steel output to 5 million tonnes

Steel producer Liberty House plans to increase its U.K. steel output to 5 million tonnes in five years, Reuters reported Dec. 14, citing Executive Chairman Sanjeev Gupta.

The company is weighing its options to develop new furnaces in Scotland and the Midlands to help meet the target, as well as looking to ramp up production at its Newport facility in Wales.

Tata's specialty steel plant in Rotherham is producing about 250,000 tonnes per year, operating at between 20% and 25% capacity, and output can be increased to 1.3 million tonnes, Gupta noted.

Gupta added that due diligence on the £100 million deal for Tata Steel Ltd.'s specialty steel business should be completed by the end of February.