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Boost to the scrap industry as Mandelson announces an £80 million loan to Sheffield Forgemasters

Business Secretary Lord Mandelson has announced the Government is offering Sheffield Forgemasters an £80 million loan to build a 15,000 tonne press and finishing facility that will also boost the scrap industry.Designed to strengthen the UKs civil nuclear supply chain, the facility will produce ultra-large forgings such as reactor pressure vessels, integral to modern civil nuclear reactors. Currently, these can only be produced in Japan for the global market, ...

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