British Steel’s new billet caster, which is among £330m worth of investments Jingye has made in the UK business since acquiring it three years ago, is scheduled to be commissioned this spring.
British Steel has launched the largest investment for more than 30 years in its special profiles business, which includes machining and cut-to-length operations.
Secure Trust Bank Commercial Finance has provided a £50 million bilateral receivables facility to support British Steel as it looks to expand production and sales over the coming months.