British Steel invests nearly £2m on upgrading laboratories
British Steel invest nearly £2m on upgrading laboratories
By Scunthorpe Telegraph | Posted: 7 Jun 2017
British Steel has invested almost £2 million on upgrading the laboratories in the basic oxygen steel-making plant on the Scunthorpe works.
Robots have been introduced to analyse iron, steel and slag and provide a more efficient and accurate service – said to be the most up-to-date in the UK.
Over 18 months every piece of testing equipment has been replaced and samples are now moved without the need for manual intervention.
British Steel bosses, who spent five years planning the project, claim the investment has almost halved the analysis time
The upgrade at the plant is the first in 20 years.
A few days ago British Steel revealed a £126 million turnaround on their first birthday and also has a reported £47 million profit.
The company of five per cent in shares to it's 3,000 strong workforce.
The reported profits of £47million for the 12 months ending March 31, 2017, is the company's best performance in a decade.
The profits come despite an increase of 44 per cent in raw material costs.