Liberty Steel Newport Mill Reported Significant Progress

SEATTLE (Scrap Monster): Liberty Steel Group announced that its Newport steel mill continued to make significant progress, with first quarter results turning out to be the best in history. The company projects even stronger outlook for second quarter. It must be noted that the mill operations had reported improved profitability even in the midst of Covid-19 pandemic uncertainties.

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The improved profitability is mainly on account of the strategic investments made by the company over the years. For instance, Liberty Steel had invested over £2 million last year in modernising the plant. Also, a total of £1.1 million has already been spent during the initial three-month period of 2021. The investments are primarily aimed at improving the plant’s efficiency and controlling the plant’s carbon footprint.

The significant health and safety improvements at the site too have contributed significantly to the much-improved operational performance. The plant has not reported a Lost Time Accident over the past 16 months.

Michael Perry, Managing Director, Liberty Steel Newport noted that the achievements are a testament to the hard work of its workforce in recent years. The company looks forward to set more production and sales records over the coming months, he added.