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Former Tata Steel arc furnace in South Yorkshire to restart under new owners
Date posted:
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Post Author
Patrick LaveryCombustion Industry News Editor
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Last month saw the restart of an arc furnace in Rotherham, South Yorkshire, UK, which had been bought by Liberty House from Tata Steel in 2017. Tata made the sale after enduring very low steel prices for a prolonged period, brought about by a lack of demand and a surfeit of cheap supply, mostly from China. Since then, however, prices have risen somewhat again, helped by an EU crackdown on ‘Chinese dumping’ (as referenced in the opening story), giving the incentive for the restart of the Rotherham plant. Sanjeev Gupta, the CEO of Liberty House, told the Financial Times “The occasion makes a very powerful statement that steel does have a future in Britain and that is very good news for the whole of our manufacturing and engineering sector.” Many in Britain will be hoping this proves true.