By submitting this form, you are agreeing to the Terms of Use and Privacy Policy.
Due to its silicon concentration, electrical steel, also known as silicon steel, has been at the centre of automotive and alternative vehicle electrification movements for a long time.
The strong magnetic qualities of this iron alloy make it a good choice for transformers and electric motors, among other uses. Of course, an essential component in turning electrical energy into mechanical energy is the core material of an electric motor.
Modern motor core stamping, which creates the rotor and stator, has a dilemma in that it depends on the non-grain-oriented electrical steel (NOES) market.
Non-oriented electrical steel sheets are used in motors and other machinery that requires multidirectional magnetization, as opposed to grain-oriented steel. Particularly limited at the moment is the unique “xEV” grade needed for hybrid and electric motors.
The UK EV Steel Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2029, registering a CAGR of XX% from 2024 to 2030.
With the goal of transforming its primary GREENSTEEL operation in Rotherham into a two million tonne per year recycling production facility that feeds its downstream rolling mills producing both long and flat products, LIBERTY Steel UK (LSUK) made the strategic decision to expand and invest in it.
At the same time, LSUK disclosed that its non-core special alloys businesses (High Value Manufacturing, Narrow Strip, Performance Steels, and Powder Metals), which create complex steels for demanding applications in sectors like aerospace and energy, would seek either an outright sale or partnership.
This would make it possible for an ownership structure that is more strategically oriented and focused on growing this valuable and significant company that serves high-profile clients in the aerospace, automotive, and other highly sophisticated markets.
In order to complete the restructuring of the special alloys businesses and improve their productivity and competitiveness before a potential sale or partnership, LSUK is today launching a consultation with its employees and unions. This comes after a significant infusion of shareholder funding and a number of successful targeted production campaigns.
