Corus announces investment plan for Scunthorpe

Corus announces investment plan for Scunthorpe

Anglo-Dutch steel producer Corus announced that it plans to invest £130 million in its Scunthorpe steelworks. The investment aims to strengthen the company's competitiveness in the structural sections, rail and wire rod markets by improving product range and customer service. The investment program includes installation of a new steel casting machine to replace the existing one, establishment of a world class rail production facility and development of rod and section mills to enhance rolling capability, flexibility and quality.