British Steel
Latest News
British Steel Announces EAF Conversion
07 November 2023 - British Steel has unveiled a GBP1.25 billion plan to decarbonize its steelmaking process by converting to electric arc furnace (EAF) steelmaking.
Report: U.K. Looks to Provide Support to British Steel, Tata Steel UK
23 January 2023 - The U.K. government reportedly is considering GBP600 million in financial support for its two biggest steel producers to help them convert to low-CO2 processes.
British Steel Prepares to Commission Billet Caster
13 January 2023 - Long products maker British Steel is preparing to commission a GBP54 million billet caster this spring, the company reports.
British Steel Turns to Danieli for Wire Rod Mill Improvement
16 December 2022 - British Steel has ordered intelligent guides from Danieli Morgårdshammar Guide Systems for its 4-strand wire rod mill in Scunthorpe, England, the equipment manufacturer reports.
British Steel Expands Structural Section Offerings
21 October 2022 - The company has added 71 beams and columns to its Advance® structural sections product line, which are geared toward the construction sector.
British Steel Will Continue Supplying Network Rail in Renewed Contract
12 May 2022 - British Steel has extended their contract with Network Rail until March 2024. By the time the contract concludes, British Steel’s Scunthorpe headquarters will have supplied more than 1 million tons of rail in a decade to Network Rail.
New Green Hydrogen Plant Project to Support British Steel’s Decarbonization
14 March 2022 - Last week British Steel Ltd. celebrated the launch of a hydrogen electrolyzer plant project near its Teesside, U.K., steel works that will eventually provide the steelmaker with a local source of renewable green hydrogen for net-zero steel production.
British Steel Pledges to Go Net-Zero
08 October 2021 - British Steel announced yesterday its commitment to delivering net-zero steel by 2050 and significantly reducing its CO2 emissions intensity by 2030 and 2035.
British Steel Unveils Its Single-Largest Investment in More Than 30 Years
26 August 2021 - Yesterday the steelmaker announced a £100 million investment by Jingye Group, which includes a £26 million project for new downstream processing facilities at its Skinningrove site.
British Steel, University of Sheffield Embark on Rail R&D Partnership
12 November 2020 - To enhance its range of rail products, long products maker British Steel is entering into a multi-million-pound research and development program with engineers at the University of Sheffield.
Jingye Finalizes Purchase of British Steel
09 March 2020 - The Chinese steelmaker on Monday closed on its acquisition of British Steel’s facilities in the U.K. and the Netherlands, securing approximately 3,200 jobs.
Jingye Group Ready to Finalize Conditional Acquisition of British Steel
03 March 2020 - China’s Jingye Group is set to finalize its planned acquisition of British Steel and expects to close on at least a part of the business next week, the company said on Tuesday.
Jingye Steel Enters Agreement to Buy British Steel
13 November 2019 - China’s Jingye Group has struck an agreement to acquire long steel manufacturer British Steel Ltd., ending months of uncertainty about its future.
Report: Chinese Steelmaker Closes in on Outline Agreement to Buy British Steel
07 November 2019 - China’s Jingye Group is said to be at the top of the list to buy the U.K.’s second largest steel producer and could strike a deal in the coming week, according to reports.
A Window Closes For One British Steel Bidder, But Opens for Others
28 October 2019 - Officials from China’s Jingye Group are to visit British Steel this week after the company’s court-appointed receiver and the preferred bidder failed to reach a sales agreement during a 10-week exclusivity period, reports the (London) Financial Times.
Liberty House Revisits Bid for British Steel
23 October 2019 - Sanjeev Gupta’s Liberty House Group has renewed discussions about taking over financially troubled British Steel, the U.K.’s second-largest steel producer, according to Sky News.
British Steel Chief Executive Steps Down
12 September 2019 - Gerald Reichmann has stepped down as British Steel’s chief executive as the company's receiver and would-be buyer Ataer Holdings work toward completing a sale, reports The Grimsby Telegraph newspaper.
Turkish Company Named as Preferred Bidder for British Steel
19 August 2019 - The U.K. government announced Friday that Ataer Holdings A.S. will enter exclusive talks to purchase British Steel.
Report: British Steel Draws Interest from Turkish Entity
12 August 2019 - A subsidiary of Turkey’s military pension fund is the front-runner to buy British Steel and is prepared to invest GBP900 million in the business, reports the U.K.’s Sky News.
Quick Sale Sought for British Steel
07 August 2019 - Lenders to U.K. long steelmaker British Steel are pushing for a quick sale of the distressed business as talks continue with two potential buyers, reports Sky News.
