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voda 22 maart 2023 06:36

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Worthington Industries is John Deere "Partner level Supplier" Again

Worthington Industries, based in Columbus, Ohio, has once again been recognized as a Partner-level supplier for 2022 in the John Deere Achieving Excellence Program, marking its 11th consecutive year of achieving this prestigious honor. Partner-level status is Deere & Company's highest supplier rating and is awarded to suppliers who demonstrate a commitment to providing products and services of outstanding quality, as well as a dedication to continuous improvement. This recognition follows Worthington's induction into the Hall of Fame in 2021, after attaining a Partner-level rating for 10 consecutive years.

Worthington Industries supplies hot-rolled and cold-rolled cut-to-length steel sheets to John Deere Harvester Works in East Moline, Ill., John Deere Horicon Works in Horicon, Wis., and John Deere Ottumwa Works in Ottumwa, Iowa, for the fabrication and assembly of combine harvesters, hay and forage equipment, lawn and garden equipment, and utility vehicles. The company's unwavering commitment to excellence has ensured that it remains a trusted partner to John Deere, a leader in the agricultural and industrial equipment industry.

voda 22 maart 2023 06:36

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Ferrexpo Concerned over Poltava Mining Litigation

According to Ukrainian media, Ferrexpo, a Ukrainian iron ore pellets producer, will not pay additional dividends for 2022, despite having available distributable reserves. The company cited the continued unpredictable situation in Ukraine as the reason for its decision. Ferrexpo's financial statement showed that its total available distributable reserves as of December 31, 2022, were $119 million, compared to $272 million a year earlier.

The company paid dividends of 26.4 cents per share in 2022, a decrease of 75% from 105.6 cents in 2021. The statement said that future distributable reserves are dependent on subsidiaries paying dividends to their parent companies within the group. However, certain group companies are currently restricted from paying dividends outside of Ukraine due to Ukrainian currency control measures.

Ferrexpo warned that the recorded impairment loss as of December 31, 2022, uncertainties related to the conflict in Ukraine, the political environment, and the independence of the legal system could have a negative impact on potential future dividend payments. The company is also concerned about ongoing litigation with the former shareholders of its main operating subsidiary, Poltava Mining, in which the claimants seek to invalidate a 2002 sale and purchase agreement.

The litigation continues, and a negative decision could lead to a significant loss of the group's main operating subsidiary in Ukraine, affecting shareholders' equity and potential future dividends. The company also hopes that the freeze on Poltava Mining's accounts, in a case regarding nonpayment of royalties for iron ore mining in 2018-2021, will be completely lifted in March.

voda 22 maart 2023 08:28

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GCC buyers slow HRC purchases amid falling prices
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Gulf Cooperation Council hot rolled coil buyers have slowed purchases because of softening prices since this week. Buyers are covered until May and are not in a rush to conclude May shipments, Kallanish understands.

The bloc's major tube makers and re-rollers have floated enquiries. However, after noticing prices were falling, they adopted a wait-and-see policy to understand how far the price decline would continue.

This week, two re-rollers in United Arab Emirates have floated enquiries for 15,000 tonnes and 10,000t, respectively. May-shipment offers for 2mm thickness SAE 1006 (re-rolling) grade from a Chinese tier-one mill are at $735/tonne, a Taiwanese major at $735-738/t and Japanese major, for end-May shipment, at $740-745/t. All prices are on a cfr GCC ports basis.

On the other hand, an Indian major is heard offering the same specifications at $745-750/t cfr for late-April/early-May shipment. Indian mills have the advantage of short lead times to the bloc, for which they charge a $10-15/t premium.

Tube makers in UAE received price offers for 1.8mm+ S235JR grade HRC from Chinese mills at around $715-720/t cfr for May shipment. However, traders in UAE with extensive inventories are offering the same grade and thickness, including 5% import duty, at $740/t delivered for prompt shipment, and prices are negotiable. Most HRC buyers in UAE have manufacturing licences and import duty exemptions as they can prove the minimum required 20% of value addition.

"Traders' current stocks are January-delivered material booked in October 2022. Prices were sub $600/t cfr when they were booked. They [traders] have room to go below $700/t delivered,” comments a sell-side source.

A Chinese major's 1.2mm SPHT-1 grade, May-shipment HRC price reduced to $755-760/t from last week's $775-780/t cfr GCC.

Egypt's largest producer is sold out until May after securing good sales and margins in the US, Turkish and European markets, and not quoting for the GCC market. Also, the bloc's sole HRC producer, the Saudi mill, is fully booked for May and expected to issue its June-delivery prices next week.

"The markets are fluctuating and volatile due to the US and Switzerland banking crisis. On top of these, iron ore prices declined in China, which caused uncertainty in the market," comments a sell-side source.

GCC re-rollers have concluded good sales in the first 21 days of the month, particularly in the European and UAE markets.

G40/Z120 1mm hot-dipped galvanised coil prices are prevailing at $980-1,000/t fob UAE or delivered within the UAE.

Burak Odabasi Turkey

voda 23 maart 2023 06:51

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voestalpine Approves Funds for greentec steel

Voestalpine AG, an Austrian steel company, has reached the next stage of its plan to produce climate-friendly steel. The company's Supervisory Board has approved an investment of €1.5 billion to construct electric arc furnaces at its Linz and Donawitz sites. The project, known as greentec steel, is part of Voestalpine's efforts to reduce its carbon emissions by up to 30% by 2027. Construction is set to begin in 2024, with commissioning of the two units scheduled for 2027. The company is still awaiting clarification on funding issues before the project can move forward.

The new electric arc furnaces will replace two blast furnaces, allowing Voestalpine to produce crude steel in a single step using green electricity. The company sources most of the necessary hot briquetted iron from a direct reduction plant in Texas in USA, with whom it has a long-term supply contract.

Once the furnaces are operational, Voestalpine plans to produce around 2.5 million metric tons of CO2-reduced steel annually. The company also aims to replace two more blast furnaces by 2030, further reducing its carbon emissions.

The project's success is dependent on the availability of competitively priced green electricity and resolution of funding issues. Although financing for the preparatory work has been approved, the core units are still subject to approval.

Voestalpine's move towards climate-friendly steel production is a significant step towards achieving global climate goals. The company's commitment to reducing its carbon footprint and investing in sustainable technology is commendable, and it will be interesting to see how the project progresses.

voda 23 maart 2023 06:51

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BHP & Hatch Start Design Study for Electric Smelting Furnace Pilot

BHP, a global resources company, and Hatch, an engineering, project management, and professional services firm, have announced an agreement to design a pilot plant for an Electric Smelting Furnace in Australia. This innovative facility aims to demonstrate a new pathway for steel production using iron ore from BHP's Pilbara mines, with lower CO2 emissions. The ESF is a new type of furnace being developed by leading steel producers and technology companies that can produce steel from iron ore using renewable electricity and hydrogen, replacing coking coal.

The demonstration plant will enable BHP to collaborate with steel producers and technology providers to generate and share learnings to accelerate the scale-up of ESF plant designs. The ESF is capable of reducing CO2 emissions by more than 80% compared to the conventional blast furnace steel route. The pilot facility will test and optimize iron production from the ESF, which has the potential to be integrated into a steel plant's existing downstream production units.

The location of the proposed facility in Australia is yet to be determined, based on supporting infrastructure, technology skills, and local partnerships.

voda 23 maart 2023 06:52

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IIT Madras to Open Extended Reality Centre at SAIL MTI Ranchi

Indian Institute of Technology Madras has announced plans to establish an Extended Reality Centre for Steel Authority of India Limited, which will feature the latest technologies in Augmented Reality, Virtual Reality, Mixed Reality and Haptic Technologies. The XR Centre will be located at SAIL's Management Training Institute in Ranchi, and will utilize the newly-established eXperiential Technology Innovation Centre at IIT Madras to promote research and development in XR for steel manufacturing.

SAIL has requested IIT Madras to be a knowledge partner in designing, developing, and deploying short and long-term training labs for its employees. The XTIC will also provide training on XR technology and help SAIL employees in future XR/VR systems. According to M Manivannan, the Principal Investigator at XTIC-IIT Madras, XR technologies have the potential to add value in many aspects of steel-making and the entire lifecycle of steel.

voda 23 maart 2023 06:52

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Kuusakoski to Build Carbon Free Steel Recycling Plant in Finland

Recycling pioneer Kuusakoski has announced plans to invest €25 million in a market-first steel recycling plant that will operate 100% carbon-free. The plant will be located in Veitsiluoto, a well-known industrial site situated in the Northern Gulf of Bothnia in Finland. Kuusakoski, a forerunner of the green transition, is set to utilize the latest technology to increase its annual recycling capacity by 150,000 metric tons or 25%. This investment comes in response to the growing demand for recycled metals in Finland and Sweden.

The new plant, scheduled to begin construction next year, will produce significantly higher levels of purity in its recycled raw materials and have improved separation capabilities, thanks to a new technology used in pre-treatment and material analysis.

Kuusakoski's customers, including sustainable stainless steel global leader Outokumpu, will be able to use even more precise carbon footprint calculations and cleaner recycled steel in their production, further reducing the carbon footprint of steel products.

Business Finland will finance €2.8 million of the total €25 million euro investment from Recovery & Resilience Facility funding.

The port connection located in Veitsiluoto, Kemi, will link sea freight to rail and road transport, making the transport of recycled materials much easier. Once operational in 2025, the new plant is expected to employ around 20 people.

voda 23 maart 2023 06:54

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ArcelorMittal Brazil consolidates itself as a reference company in the management of water resources

ArcelorMittal Brazil is taking significant steps towards sustainable water management in its operations. The steel production process requires a significant amount of water, leading the company to take various actions to reduce its water usage and anticipate scenarios of water scarcity. With a focus on sustainability and the search for alternative sources of water, ArcelorMittal has implemented the Water Master Plan across all of its production units. This plan aims to ensure efficient water use and establish strategies to ensure the availability of water resources for short, medium, and long-term operations.

ArcelorMittal is also partnering with the Federal University of Juiz de For a, UFJF, to conduct an unprecedented study on the Predictability of Water Availability in the Watersheds in which it operates. The study focuses on analyzing adaptation scenarios required to cope with climate change and will cover the industrial units in Barra Mansa in the state of Rio de Janeiro, João Monlevade in the state of Minas Gerais, Juiz de Fora in the state of Minas Gerais, Resende in the state of Rio de Janeiro and Piracicaba in the state of São Paulo. The research involves bibliographic research, theoretical and practical studies to assess water security of the hydrographic basins, and a digital platform that provides real-time water availability and forecasts for 10, 20 and 30 year scenarios, expected to be completed by 2024.

ArcelorMittal's Tubarão plant in Serra in the state of Espírito Santo, the company's largest steel plant, is a highlight in the rational use of water. The plant has diversified its supply sources, including capturing water from the Santa Maria River and inaugurating a new seawater desalination plant in 2021. This pioneering initiative in Brazil can produce up to 500 cubic meters per hour of industrial water. The plant also plans to reuse treated effluents from the sewage of Vitória in the state of Espírito Santo in partnership with the government of Espírito Santo and Cesan, the state concessionaire.

Through these initiatives, ArcelorMittal is demonstrating its commitment to sustainable water management and ensuring the availability of water resources for its operations while reducing the risk of supply disruptions.

Bijlage:

voda 23 maart 2023 06:55

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CAP to Develop H2V CAP Hydrogen for Green Steel

Chile's largest steel producer, CAP, is taking steps to decarbonize its steel production with the development of a green hydrogen pilot plant at the Huachipato unit in Talcahuano, says Bnamericas. As part of the H2V CAP project, the pilot will use 12MW electrolyzer, which will be upgraded to 17.5MW, to produce 1,550 metric tons of green hydrogen. This is part of CAP's plan to replace coke coal for blast furnaces and supply the direct reduction plant with less polluting fuels.

State development agency Corfo has contributed $3.6 million to the project, and CAP is preparing to submit technical information to the environmental review agency SEA.

The pilot phase will run through 2025, with production of 25,000 metric tons per year of sponge iron or hot iron briquettes expected to begin in 2027. After analyzing the business model through 2029, production of 200,000-300,000 metric tons per year of green steel is expected to begin in 2030.

This project is key to the company's sustainable and business strategies, particularly given the difficulties experienced in 2022. According to CAP's annual report, last year was impacted by inflationary pressures on operating costs, an unscheduled stoppage at blast furnace No. 2, and a slow construction sector.

CAP has also signed an agreement with Germany's SMS Group to optimize gas flows in the plant and track carbon emissions. Ms. Patricia López, infrastructure head at Compañía Siderúrgica Huachipato, said that promoting renewable energy and low-emission technologies at more competitive costs requires collaboration between the government, industry, and academia, emphasizing that "this goal will only be possible through intensive technological, financial, and even cultural changes."

voda 23 maart 2023 06:56

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Bekaert Joins Solar Impulse Foundation to Advance Sustainability

World’s leading provider of advanced wire & wire products Bekaert has partnered with the Solar Impulse Foundation, a non-profit organization established by Mr. Bertrand Piccard that promotes sustainable and profitable solutions. The partnership is a significant step towards Bekaert's commitment to making a positive impact with sustainable solutions in mobility, energy transition, and low-carbon construction. By joining forces with the Solar Impulse Foundation, Bekaert will gain access to valuable resources and expertise in sustainability and collaborate with like-minded organizations in the fight against climate change.

As part of the partnership, Bekaert will work closely with the Solar Impulse Foundation to scout for new sustainable solutions, scale current sustainable solutions, and improve the sustainability of its internal operations. The company will also participate in the Solar Impulse Foundation's programs and initiatives aimed at promoting sustainable practices across industries and communities.

Bekaert's collaboration with the Solar Impulse Foundation will enable it to further develop sustainability opportunities and make a positive contribution to a more sustainable future.

voda 23 maart 2023 06:57

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Swoctem Hikes Stake in Klöckner & Co

The main shareholder in Klöckner & Co has secured 30% in the German steel distribution group just days after announcing its public takeover offer. Entrepreneur Mr. Friedhelm Loh's investment vehicle, Swoctem, issued a voluntary public takeover offer for Klöckner's entire share capital, which the board welcomed as a sign of long-term interest. Swoctem's shareholding increased from slightly above 25% to 30% within two days of the announcement. Mr. Loh has stated that he does not intend to take an absolute majority in the steel distributor.

SWOCTEM's increase in shareholding to over 30% is intended to provide flexibility for future share purchases, but the company does not intend to acquire a majority stake, and Klöckner will remain listed on the stock exchange.

Klöckner's Management and Supervisory Boards are evaluating the situation and will provide a reasoned statement about the offer and its conditions after the submission of the offer document.

If the offer is successful, a shareholding of over 30% will provide SWOCTEM with additional flexibility, including executing share buybacks. Klöckner & Co is a global leader in steel processing and distribution, with a network of around 150 sites in 13 countries, and more than 90,000 customers.

With a portfolio of CO2 reduced materials, services, and logistics options under its new Nexigen® umbrella brand, Klöckner & Co is leading the way towards a sustainable steel industry. The company's shares are listed in the SDAX® index of Deutsche Börse.

voda 23 maart 2023 06:58

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Laser Research Optics Introduces Lenses for Cutting Steel Parts

Laser Research Optics, a leading provider of laser optics, has announced the release of its new line of ZnSe laser focusing lenses, specifically designed for steel cutting lasers up to 4kW. The lenses are ideal for cutting heavy steel fabrications and are available in various sizes and focal lengths to match specific steel cutting requirements. The CO2 Focusing Lenses are ideally suited for 10.6 µm 200W to 400kW lasers used for cutting heavy steel parts and come in 1” to 2.5” OD sizes with focal lengths from 5” to 10”, in 0.5” increments. The lenses are available in plano-convex and -meniscus configurations and can be supplied plain and mounted.

These lenses have been designed for OEMs who manufacture lasers that are used for cutting large steel fabrications or for field replacement by end-users. They are available with A/R coatings providing less than 0.2% total absorption and with a proprietary Cool-Cut™ coating which absorbs less than 0.15% of laser energy to protect against heat damage.

"Laser Research Optics is excited to offer these new CO2 Focusing Lenses to our customers," said Mr. Gary Hayes, Vice President of Sales. "Our lenses are priced according to configuration and quantity and are available for delivery from stock within 24-hours."

voda 23 maart 2023 06:59

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ReTo Eco-Solutions Bags Automated Block Production Lines Order

ReTo Eco-Solutions, a company dedicated to promoting eco-friendly solutions worldwide, subsidiary, Beijing REIT Technology Development and Huayuan Chuangshi Industrial Intelligent Technology, have signed a procurement contract for block production lines. The contract will see two RT10 fully automated block production lines exported overseas to produce various environmentally friendly block building materials using steel slag.

Beijing REIT was selected by Huayuan Chuangshi for this procurement contract due to its advanced technology, reliable quality, and excellent service. The two companies will collaborate to provide high-quality steel slag comprehensive treatment and recycling equipment to foreign customers, with a focus on long-term cooperation to open up overseas markets together.

Founded in 1999, ReTo is committed to providing clean water and fertile soil to communities worldwide through its proprietary technologies, systems, and solutions. The company, through its operating subsidiaries in China, manufactures and distributes eco-friendly construction materials such as aggregates, bricks, pavers, and tiles, made from mining waste (iron tailings), as well as equipment used for the production of these eco-friendly construction materials. In addition, the company provides consultation, design, project implementation, and construction of urban ecological protection projects and parts, engineering support, consulting, technical advice and service, and other project-related solutions for its manufacturing equipment and environmental protection projects. The company also offers roadside assistance services and software development services utilizing Internet of Things technologies.

voda 23 maart 2023 06:59

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Elegant Exit Company Acquires Wan Hai 165 Vessel

Elegant Exit Company, a Dutch player committed to sustainable and responsible ship recycling practices, has recently acquired Wan Hai 165 from Taiwanese shipping company Wan Hai Lines. Built in 1998, the vessel is currently undergoing a thorough cleaning and hazardous waste removal process at the Arab Shipbuilding and Repair Yard Company in Bahrain. After this, it will be cut up into blocks of 25 tonnes for transportation to secondary and tertiary cutting zones.

The acquisition of Wan Hai 165 is in line with EEC’s goal of promoting sustainable and responsible ship recycling practices. The company believes that scrapped ships are a valuable resource for green steel making

In addition to the acquisition, EEC has also signed a memorandum of understanding with Spain’s Astander Shipyard to collaborate on ship recycling initiatives. Based at the Port of Santander, Astander is a shipyard with 130 years of expertise in the shipbuilding and ship repair industry. The collaboration between the two companies will be based on the European Union Ship Recycling Regulation standards.

voda 23 maart 2023 06:59

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Steel Veteran Mr. Hans Joachim Schmidt Passes Away

Esmark is deeply saddened to announce the passing of Mr. Hans Joachim Schmidt, father of Esmark's founding investor and esteemed member of the Esmark board of directors, Mr. Uwe T Schmidt. The Schmidt family played an integral role in establishing Esmark's leading position in the company's steel and tin operations.

Mr. Hans Joachim Schmidt, who passed away on February 19, 2023, at the age of 90, was an admired leader and internationally recognized business executive serving the international iron and steel industry for 45 years. With a remarkable career spanning 37 years with the Thyssen Group, now thyssenkrupp, he held several key positions, including the role of President & Chief Executive Officer of Thyssen Canada and Member of the Executive Board of Thyssen NA. He also served as Director of the Canadian German Chamber of Industry & Commerce, Managing Director of European Industrial Products Toronto, Thyssen Steel & Pipe London and GW Anderson & Co London & Dortmund Germany).

Mr. Hans Joachim Schmidt's contributions to the iron and steel industry were invaluable, and his legacy will continue to inspire future generations. He is survived by his beloved wife, Sigrid "Sigi," and his children, grandchildren, and great-grandchildren.

Esmark is a privately-held family company with a diversified portfolio of industrial companies rooted in the steel industry. The company remains committed to the values and principles that have guided it for over 30 years, with a strong emphasis on integrity, excellence, and innovation.

voda 23 maart 2023 07:00

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USITC Maintains AD Duty on Stainless Steel Butt Weld Pipe Fittings

The US International Trade Commission has made a ruling that the current antidumping duty orders on stainless steel butt-weld pipe fittings from Italy, Malaysia and the Philippines should not be revoked. The commission found that removing the current orders would likely lead to the continuation or recurrence of material injury within a reasonably foreseeable time.

The USITC's decision was made as part of the required five-year (sunset) review process under the Uruguay Round Agreements Act. As a result, the existing orders on the import of this product from the three countries will remain in effect.

voda 23 maart 2023 07:00

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Electricity Company of Ghana Cuts Power Supply of B5+ steel

A large-scale iron and steel manufacturing company owes the power distribution company ¢28 million in electricity bill debt over a five-month period in Ghana, according to the ECG taskforce team, says My Joy Online. The team stated that the disconnection of power has become necessary because the company has refused to make any payment. The taskforce team made a stop at the B5+ steel company in Tema, after the company offered a post-dated ¢20 million check yesterday to sway the ECG.

However, B5+ steel company currently owes ECG ¢48 million debt and was forced to cough up some ¢20 million in part payment to avert being disconnected.

The External Communications Manager of the ECG, Ms. Laila Abubakari, stated that the team “had to generate an invoice for them this time around to make sure that they pay.” She added that “if by the time we return from our other rounds and they do not pay, we will be compelled to take them off.”

Some concerns were raised by the companies visited, including the high cost of production and high import levies due to the cedi depreciation, among others. In response to these concerns, Ms. Laila Abubakari noted that “the ECG understands these concerns, but the fact of the matter is that we are also a company that needs these monies to pay our bills. In any case, this is a power that they have already consumed to produce their materials, most of which they have already exported out of the country.”

voda 23 maart 2023 07:01

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Ms. Kristie Keast is New CEO of BlueScope North America

BlueScope North America, a leading manufacturer of steel products, has appointed Ms. Kristie Keast as its new Chief Executive. Keast brings with her more than 20 years of experience in the steel industry, including a two-year stint as Director of Safety at Butler Manufacturing following BlueScope's acquisition of the Kansas City-based business.

In her new role, Ms. Keast will oversee BlueScope's North American operations, which includes steelmaking facilities in Ohio and Arkansas, as well as downstream manufacturing and distribution businesses. She takes over from Mr. Dan Siminovitch, who has retired after a 34-year career with BlueScope.

Ms. Keast has been with BlueScope since 2001, working in various leadership roles, most recently as Chief Executive of BlueScope Buildings North America. Her experience in operations, sales, and business development make her well-suited to lead the company's growth in North America.

BlueScope North America is part of the broader BlueScope Steel, which operates in 18 countries and has more than 16,000 employees worldwide. The company's focus on innovation and sustainable business practices has helped it become a leading supplier of steel products to a variety of industries, including construction, automotive, and manufacturing.

voda 23 maart 2023 07:01

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US to Extend AD Duty on Cold Drawn Mechanical Tubings

The US Department of Commerce has announced that the existing antidumping duty orders on certain cold-drawn mechanical tubing of carbon and alloy steel from China, Germany, India, Italy, Korea, and Switzerland will remain in place following an expedited sunset review. The review found that revocation of the orders would likely lead to a continuation or recurrence of dumping at weighted-average margins up to 186.89% for China, up to 209.06% for Germany, up to 33.80% for India, up to 68.95% for Italy, up to 48.00% for Korea, and up to 30.48% for Switzerland.

The review was initiated on January 3, 2023, with ArcelorMittal Tubular Products, Michigan Seamless Tube, PTC Allianc, Webco Industries &Zekelman Industries notifying Commerce of their intent to participate within the 15-day period. Complete substantive responses were received by the domestic interested parties within the 30-day period, but no response was received from any other interested parties. On February 24, 2023, Commerce notified the US International Trade Commission that it did not receive an adequate substantive response from respondent interested parties, leading to expedited (120-day) sunset reviews of the orders.

voda 23 maart 2023 07:02

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Redcar Blast Furnace Stoves Bite the Dust Marking End of Teesside's Steel

On March 22, the final structures of the Redcar Blast Furnace in UK were brought down, marking the end of Teesside's steel-making history. The four 40-meter structures of stoves one to four of the Redcar Blast Furnace were flattened in simultaneous explosions at around 9.30 AM, says The Northern Echo. The demolition of the former blast furnace was carried out by crews in two phases, with the majority of the site being brought down in November last year. An exclusion zone was put in place while the demolition took place, with a section of Gare Road closed from 8.30 AM until 10 AM on the day of the final demolition.

Tees Valley Mayor Mr. Ben Houchen expressed his thoughts on the demolition, calling it "the close of a long history." He also highlighted the opportunity for the Net Zero Teesside project, which aims to create thousands of jobs for local people and make Teesside a leader in the global green industrial revolution.

The Redcar Blast Furnace has a long and rich history, with its origins tracing back to the 1850s when iron ore was first discovered in the Cleveland Hills. The Redcar Steelworks plant opened in 1917 and went on to become one of the biggest steelmakers in Europe, employing thousands of people over the years. This blast furnace, situated on the Teesworks site in Redcar, had been in operation since the 1970s and was previously owned by SSI Steel. In 2015, the steel plant was closed due to financial difficulties faced by the owner, SSI Steel.

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