Today marks the first anniversary of the new British Steel and we’re pleased to say we’re starting to build a more sustainable future.
COVID-19 means it has been, and continues to be, a challenging period for people and businesses across the globe and we’re extremely grateful for the incredible spirit our employees have shown during this period. Their commitment and flexibility has enabled us to maintain safe operations, and iron and steel production, throughout the pandemic. This has ensured we can keep fulfilling our customers’ requirements.
We’d also like to thank our customers, our suppliers, and our new owners for their continued and valued support.
Jingye Group has given us their resolute backing and is committed to investment, enabling us to put our company on a more sustainable footing. This money will be invested in new technology in our drive to reduce emissions, maintain equipment, ensure production, reduce costs, support clean growth and protect and create new jobs.
During our first year we’ve achieved significant operational improvements, launched new products, introduced 24-7 operations at our Teesside and Skinningrove mills and resumed operational control of Immingham Bulk Terminal.
The combined efforts of our people and our owners mean we’ve also started to turn losses into profits – a significant step forward for this business. We’re increasing production, reducing costs, growing into new markets and are well-placed to make a significant contribution to the UK’s economic recovery. We still need to overcome many challenges but the progress we’re making gives us great optimism.
Thank you once more to everyone who has helped us so far. We will keep working hard and stay focused on building stronger futures for our people, our customers, our suppliers, and the communities in which we operate.