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Welsh Steel Mill to Reopen After Two Years Out of Operation

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Liberty Steel Newport will initially produce about 50,000 tonnes of steel a month with capacity to double that amount

A steel mill in south Wales will reopen after more than two years out of operation, on the same day as the government holds a crisis summit on the UK steel industry.

The plant in Newport, reopening on Friday, will initially produce about 50,000 tonnes of steel a month with capacity to double that amount.

Liberty House, an international steel and metals group, bought the 41-year-old site in July 2013.

The company paid the plant’s 150 workers half their salaries as it restructured its finances before reopening, its managing director, Sanjeev Gupta, said.

“Steel mills are almost impossible to revive once they have shut down. Some of these guys had been there for decades and if we had lost them it would have been almost impossible to restart,” Gupta said.

SOURCE: theguardian.com