Scunthorpe mill owners say latest buy can be symbol of a New Britain
The Caparo Merchant Bar mill in Scunthorpe
By Scunthorpe Telegraph | Posted: 12 Jul 2017
The new owners of Scunthorpe’s Caparo Merchant Bar mill Liberty House, have tightened their grip on the UK steel industry
A deal has been provisionally agreed to take over two of the three Tata Steel UK pipe mills in Hartlepool.
The move will safeguard more than 100 jobs and many more in the supply chain.
A third mill on the site which employs 270 workers, will be retained by Tata.
Liberty House boss Sanjeev Gupta said: “These mills can be a symbol of a new Britain, integrated with the world economy, exporting a world-class product globally once again
In the past year Mr Gupta has saved the jobs of thousands of employees formerly employed by Tata Steel UK.
Liberty House has bought two rolling mills in Dalzell and Motherwell and the speciality steels business in Rotherham
Earlier this month Mr Gyupta again showed his confidence in the UK steel industry by buying the 32-year-old Caparo Merchant Bar mill in Scunthorpe.