UK News

A 179-year timeline of steelmaking at Stocksbridge UK News

Current owner Liberty Steel has brought optimism back to the business – until financial woes and the pandemic create a new crisis.

It is part of the Specialty Steels division which employs 762 people in Stocksbridge – supplying the aerospace, oil and gas and general engineering markets – and 865 in Rotherham.

The first sign of real problems came in February when Liberty revealed it had to ‘deal with the impact’ on jobs at Stockbridge due to the drop in aircraft sales during the pandemic.

Register now to our Business newsletter

Register now to our Business newsletter

Ingot in Liberty Specialty Steels Stocksbridge’s VAR (Vacuum Arc Remelting) furnace.

In the UK, the weakness in the aerospace market induced by Covid has reduced demand for some products by 60 percent. Most Stocksbridge workers have been on leave since March 12 to save money, but in December the company confirmed it was investing £ 60million to modernize equipment and double output at its factory special steels in Rotherham after receiving orders for nearly 10,000 tonnes of reinforcement. bar for schools, hospitals, homes, energy installations and transport links.

The company is betting heavily on using some of the millions of tonnes of scrap steel exported by the UK to make more steel needed in that country, which is currently imported.

Steel making dates back 179 years at Stocksbridge. During this period, he withstood many crises.

A timeline of steelmaking at Stocksbridge

A worker prepares an ingot for entry into the VAR (Vacuum Arc Reflow) furnace at Liberty Specialty Steels Stocksbridge.

1842 – Samuel Fox established a steel mill in a disused cotton mill in Stocksbridge, then a small settlement, and continued to build much of the infrastructure

1851 – The company develops the famous paragon umbrella frame

1860 – Stocksbridge factory includes kilns and rolling mills

1877 – A railway line was built to connect the steelworks to the wider region

1918 – Samuel Fox & Co joins forces with several companies to form the United Steel Company

1967 – The works are nationalized in the British Steel Corporation and become “ Stocksbridge Engineering Steels ”

1999 – Taken over by Corus

2006 – Acquired by the Indian company Tata

2009 – Great wave of layoffs

2017 – Tata sells all UK steel business to Liberty for £ 100million

2018 – Liberty invests and announces its intention to reopen ovens put on standby

2020 – 283 jobs in South Yorkshire cut – including 250 in Stocksbridge – cut due to ‘political uncertainty and Brexit’

2020 – Plans announced to invest £ 60million and double production at Rotherham

2021 (February) – reveals he has been forced to ‘manage the impact’ on jobs due to plummeting aircraft sales during the pandemic

2021 (March) – Lender Greensill collapses in administration, raising fears for all of Liberty Steel’s 5,000 companies in the UK, which include 12 steel plants, including Rotherham, Stocksbridge, Newport and Hartlepool .

2021 (May) Liberty announces its intention to sell the Stocksbridge business as it is no longer essential.

In these confusing and disturbing times, local journalism is more vital than ever. Please purchase a digital subscription or purchase an item.

Thank you. Nancy Fielder, Editor-in-Chief.

More about this article: Read More
This notice was published: 2021-05-24 14:03:16