British Steel invests £330m

British Steel’s new billet caster, which is among £330m worth of investments that parent company Jingye has made in the UK business since acquiring it three years ago, is duefor commissioning this spring.The new caster will manufacture semi-finished steel billets with enhanced internal and surface qualities. This £54m project is the largest single investment by Jingye. British Steel’s investment strategy aligns to its decarbonisation plans, which will see it embrace new technology and ways of working to help reduce emissions and support clean growth.
For further information www.britishsteel.co.uk