Update on Sale of British Steel
It has been confirmed that contracts have been entered into with Jingye Steel to acquire the business and assets of British Steel.
British Steel is delighted to have received a pledge from REIDsteel, the leading international structural steel firm, to make British Steel its primary long-term supplier.
REIDsteel managing director Simon Boyd confirmed that British Steel will be the company’s preferred supplier following a two-day visit to British Steel’s Scunthorpe and Teesside sites where the REIDsteel delegation was shown steelmaking processes.
“Both our businesses share a strong reputation for quality in British manufacturing and engineering worldwide.
“We have been, and continue to be, a supporter of retaining steelmaking in the UK and we are pleased to confirm that our relationship is now stronger than ever.”
Simon was joined on the visits by commercial director Tim Cook, steel buyer Dave Watmore and production manager Alan Stone.
“The visit to British Steel was a fantastic opportunity for us to see iron ore go through the processes to make steel slabs that then get changed into many different products.
“We saw rail sections being formed as well as standard steel beams that we then take and fabricate in the UK into a whole range of steel structures and export worldwide.”
REIDsteel, based in Christchurch, Dorset, with 130 staff, designs, manufactures and erects entire steel buildings worldwide including their cladding and glazing. The company, which celebrates its centenary this year, has exported to more than 140 countries to date. Its range of bespoke structures include bridges, hospitals, sports stadia, disaster-resilient buildings, defensive structures, churches, schools, industrial & commercial buildings, warehouses and advanced aircraft hangars.
“It was a pleasure to welcome Simon and the delegation from REIDsteel.
“Working more closely together will deliver real benefits for our clients as well as British steel and the wider UK economy as a whole.”
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