trending Market Intelligence /marketintelligence/en/news-insights/trending/epAIuxJz2z2tuRoW6m8dng2 content esgSubNav
In This List

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

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Blog

Insight Weekly: Cybersecurity M&A momentum; US banks' loan growth; miners' labor supply woes


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.