The UK government has taken control of British Steel's Scunthorpe operations, and Jindal Stainless has promised to strengthen India's "independence in stainless steel production" as the importance of domestic steelmaking made headlines around the world this month.
Both events are featured in the monthly global steelmaking Capacity survey by MEPS International-up, which collects announcements from steel companies around the world. This month's summary contains materials that were previously published in the April issues of the European Steel Review from MEPS[/url],[url= /]International Steel Review and Stainless Steel Review.
These monthly reviews also feature steel prices and indexes, reports on key steel markets, and six-month steel price forecasts. Contact the members of the European Parliament for detailed information on how to subscribe.
[b]Europe[/b]
British Steel
The UK government has taken control of British Steel's operations in Scunthorpe.
The move came after the company, owned by China's Jingye Group, announced plans to close its two remaining blast furnaces and steelmaking facilities.
British Steel reported daily losses of 700,000 pounds on the day it began consultations on the planned closure on March 27. For long-time producers of goods, British Steel attributed the precarious financial situation to difficult market conditions, tariffs, and mounting environmental costs.
In response, Parliament passed Emergency Legislation that grants the Business Secretary, Jonathan Reynolds, the authority to intervene in the situation and take control of domestic metallurgists.
Jinye Group remains the owner of British Steel despite the changes, which included the appointment of a new acting Chief Executive Officer and Commercial Director for Steelmaking.
[b]Celsius[/b]
The manufacturer of SMS equipment is working under a contract with the Spanish long product manufacturer Celsa chipboard modernization No. 2 in Castelbisbal on its territory, near Barcelona.
The work, scheduled for November 2025, includes the installation of an automated slag removal system, which will improve the safety of operation, as well as increase the productivity of the furnace.
Separately, Celsa confirms that it has reached an agreement with the investment company CriteriaCaixa to sell a 20% stake in its business. The deal is expected to be completed in the coming weeks.
