SEATTLE (Scrap Monster): Liberty Steel UK announced that it has restarted production at its GREENSTEEL Rotherham electric arc furnace. The restart of operations has been scheduled to take place during night time, in order to maximize efficiency and reduce energy costs. According to press release, the operations will run from 11 PM to 6 AM, when energy costs are comparatively lower.
The restart follows a recent £50mn funding from the parent company, GFG Alliance, as part of its restructuring and transformation programme. The company plans to reach a capacity of 50,000 tonnes per month at the earliest. It plans to expand the plant’s long-term capacity, so as to ultimately create at least a two million tonnes per annum of steel.
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The restart will result in production of new steel products and increased employment opportunities. The products from Rotherham facility will be supplied to Liberty Steel’s downstream mills at Thrybergh and Scunthorpe.
Commenting on the restart, Subhajit Roy Chowdhury, Chief Executive Officer, Liberty Steel UK said that the ramp up demonstrates its commitment to make South Yorkshire a UK GREENSTEEL hub. The company is committed to supporting the country’s infrastructure growth plan and its journey towards a net zero economy, he added.
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