9,699.50 TRY BIST 100 BIST 100
38.66 USD USD USD
5.40 CNY CNY CNY
43.31 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.89 TRY Interest Interest
65.43 USD Fossil Oil Fossil Oil
41.20 USD Silver Silver
4.67 USD Copper Copper
99.01 USD Iron Ore Iron Ore
330.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,057.64 TRY Gold (gr) Gold (gr)

New shipment of raw materials to British Steel, steel production secured

The UK government has confirmed that a new shipment of raw materials arrived at British Steel this weekend. The shipment is a critical step to ensure the sustainability of the country's steel production and strengthen national security.

New shipment of raw materials to British Steel, steel production secured

A shipment of over 55,000 tons of blast furnace coke from Bluescope Steel's plant in Australia arrived at Immingham Bulk Terminal on the merchant vessel MV Navios Alegria and will be transported by train to the Scunthorpe plant. Coke is an essential ingredient to keep steel production running and is expected to contribute to the operation of both blast furnaces over the coming months.

With government support, new shipments from Sweden, including more than 66,000 tons of iron ore pellets and 27,000 tons of iron ore fines, are expected to arrive next week. These shipments are funded by budgets provided by the Department of Trade and Industry and are part of the government's strong support for UK industry.

British Steel is also continuing to strengthen its leadership team. The company announced the appointment of a new interim Chief Operating Officer and HR Director with over 30 years' experience in the steel industry.

Trade Minister Jonathan Reynolds stated that these steps not only ensure the continuity of steel production, but also contribute to the success of the country's infrastructure projects. By securing steel production at Scunthorpe, thousands of jobs have been safeguarded.

“We have successfully secured the raw materials needed to keep the blast furnaces up and running, and ensured that our steel production continues. Our aim over the coming months will be to stabilize our operations for the long term,” stated Allan Bell, CEO of British Steel.

The shipment of coke and other raw materials needed to keep the blast furnaces at Scunthorpe running gives confidence to a workforce of around 3,000 people in the region. In addition, thanks to strong action by the government, British Steel is continuing to save thousands of jobs by ending redundancies. The government continues to work with private sector investment to secure the company's long-term future.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

SteelRadar honored Steel Summit 2025 sponsors at the gala dinner

Friday, May 16, 2025

EİB presented İDÇ with 50th anniversary award at Steel Summit 2025

Friday, May 16, 2025

Tao Bai, “The US maintains its role as a global supplier of high-quality scrap”

Thursday, May 15, 2025

Mehmet Çakmur “Green steel will be our future”

Thursday, May 15, 2025

TÇÜD Secretary General Veysel Yayan evaluated the Turkish steel industry at Steel Summit 2025

Thursday, May 15, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now