Steel products company Liberty House has launched an international metal recycling business in the UK to supply the group’s electric arc steel furnaces.
Liberty Metal Recycling (LMR) is intended to become a network of collection and processing facilities for ferrous and non-ferrous metals across the UK, US and Europe.
Tom Bird, previously of Sims and Van Dalen, is chief executive of the UK and US parts of LMR, while Matthijs de Jong, formerly with Euro Scrap, TSR Recycling and the Alba Group, will head mainland Europe.
Liberty House expects LMR to be profitable in its own right and to be recycling an annual five million tonnes of metal in the UK alone within five years.
According to trade body UK Steel, British mills used two million tonnes of scrap in 2015 and a further seven million tonnes was exported.
LMR plans a processing centre at Newport, Wales, where the group operates a hot strip mill and which is intended to resume liquid steel production from recycled scrap.
Other recycling centres are also planned to be situated close to Liberty’s steel melting and rolling facilities.
Liberty will simultaneously develop its recycling business in the US and across Europe, where it has already opened a scrap collection and transshipment operation in Gdansk, Poland.
Liberty House executive chairman Sanjeev Gupta said: “The projected growth in the supply of scrap in the UK and other developed economies in the coming years provides the basis for a strong, competitive and sustainable steel industry for the future.
“The fact that we have recruited two of the most prominent and accomplished individuals in the global metal recycling industry shows how serious we are in delivering on this vision.”
At the end of September, Scottish first minister Nicola Sturgeon formally reopened the group’s Dalzell works at Motherwell near Glasgow, following its closure by Tata in December 2015.
Robert fell image
”The British Metals Recycling Association welcomes the announcement by Liberty House Group that it intends to invest heavily in the UK scrap metal industry.
For an industry which has been under considerable pressure of late, it is good to see that the group clearly recognises the significant benefits that metal recycling brings, and intends to fuel its integrated steel business in the UK with the use of domestic scrap metal.
We at the BMRA are of course, ready to offer Liberty Metal Recycling, under the leadership of Tom Bird, a recent BMRA board member, the association’s support in the months ahead during this exciting time for the industry.”
Robert Fell, chief executive
- See our recent special feature on electric arc features: A saviour for the steel sector