Liberty promises 300 new jobs after Tata Specialty Steels takeover

The £100m deal will also secure 1,700 existing jobs across sites in Rotherham, Stocksbridge, Brinsworth, Bolton, Wednesbury, and two distribution centres in China. Liberty said the former Tata unit – to be renamed Liberty Specialty Steels – will receive £20m of investment in new plant and equipment over the next 12 months. Production at the Rotherham electric arc furnaces and bar mill will increase, with the former expected to produce over a million tonnes of steel a year, while over 400,000 tonnes will be rolled at the mill.

According to Liberty, the deal is part of its GREENSTEEL strategy, which will see the company increase low-carbon steel production using recycled metal and renewable energy-powered furnaces. Liberty’s sister company SIMEC is also exploring the possibility of using bio-diesel power generation at Speciality Steel sites as part of the strategy.

“Today marks a step change for the Liberty House Group because we are taking on strategically important capacity that will drive expansion in the years ahead,” said Sanjeev Gupta, executive chairman of Liberty House. “It will help us achieve our GREENSTEEL vision and facilitate investment in engineering products, thereby reducing the supply-chain gaps in the UK, especially in automotive and aerospace sectors."