British Steel has introduced a new grade of high-strength structural steel named S460M, intended for use in the construction sector. It is the first grade launched by the company after its acquisition by the Jingye Group in March.
The company’s chief executive officer, Ron Deelen, noted that British Steel is the only manufacturer of structural steel sections in the UK. The new grade both weighs and costs less, compared to other products for the same use. S460M will be produced at the Scunthorpe plant and rolled into sections at the Teesside mill.
The company has also earmarked £1.2bn ($1.6bn) for environmental changes to its production, including the use of carbon removal technology and hydrogen steelmaking, to reach net-zero emissions by 2035.
British Steel is a subsidiary of the Jingye Group, based in Hebei, China, and has a combined production capacity of 3mn mt per year.