British Steel has started work on £80 million of investments to enhance its product range and improve performance in Scunthorpe.
The bulk of the investment – £48 million – is financing the installation of a new billet caster, first outlined last March as Jingye Group celebrated a first year at the helm.
The rod mill is also being given a £32 million upgrade - work paused by the previous owners as debts stacked up prior to the liquidation and buy-out.
