British Steel granted approval for £26 million upgrade of special profiles business

Monday, 13 June 2022 16:49:12 (GMT+3)   |   Istanbul
       

UK-based steelmaker British Steel has announced that the Redcar and Cleveland Borough Council has granted approval for its £26 million investment to build a new service center at its special profiles unit, which includes cut-to-length and rolling lines, machining and warehousing operations.

With the investment, British Steel will be able to extend its value-added profile range specific to the forklift and heavy equipment industries. The new facility is to replace the current services offered at the company’s Darlington site, which stores and cuts profiles in accordance with customer requirements.

The company expects to start construction in late 2022 and commission the center in question in August 2023.

The Special Profiles unit produces components for a wide range of sectors including the forklift and earthmoving industries.


Similar articles

Mexican rebar consumption up 2.4 percent in February

18 Apr | Steel News

US domestic rebar prices trending firm

18 Apr | Longs and Billet

Brazilian rebar export price remains stable

18 Apr | Longs and Billet

US rebar exports up 60.4 percent in February

18 Apr | Steel News

Ex-Europe scrap prices in Turkey remain firm, market still mostly silent

18 Apr | Scrap & Raw Materials

Romania's longs spot prices decrease due to lack of trade

18 Apr | Longs and Billet

ArcelorMittal raises longs prices in Europe, production halts expected in Italy

18 Apr | Longs and Billet

Turkish domestic rebar spot prices mostly trend down

18 Apr | Longs and Billet

Asian wire rod prices increase, outlook also positive thanks to China

18 Apr | Longs and Billet

Mood still bullish in Vietnam’s HRC market despite weak buying

18 Apr | Flats and Slab