Tata Steel UK has announced the completion of the sale of its Long Products Europe business to Greybull Capital LLP.
During the last twelve months, the Long Products Europe business has implemented a transformation plan including a portfolio restructuring of assets, underpinned by committed support from employees and their trade unions. This has focused the business on higher-value markets supported by a more competitive cost base.
The Long Products Europe business will trade under the name of British Steel. In UK, the company includes Scunthorpe steelworks, two mills in Teesside, an engineering workshop in Workington, a design consultancy in York, and associated distribution facilities, as well as a rail mill in northern France. All together the business employs 4,800 people – 4,400 in the UK and 400 in France.
Photo: Network Rail
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