UK-based premium steel manufacturer British Steel has announced that it will sell its mothballed Scunthorpe plate mill in the UK with all of its equipment after it has decided to close it permanently.
British Steel stated that as the mill stands idle there will be no job losses and the decision allows it to further concentrate on, and significantly invest in, its iron and steel-making operations and core products, including rail, wire rod, special profiles and constructional steel.
All the equipment will be auctioned or sold via private treaty including mill drive motors and associated control systems, high pressure water descaling pumps, trimming/cross cut shears and hot/cold plate levelers.
British Steel’s Scunthorpe plate mill was mothballed by its former owner global steel giant Tata Steel in December 2015 as part of the restructuring of the Long Products Europe business and came in response to changes in market conditions prompted by cheap imports and high electricity costs.