Magnate to unveil future vision for British steel industry

Posted on 26 Oct 2016 by The Manufacturer

Executive chairman of Liberty House Group, Sanjeev Gupta is to unveil his vision for a successful future for the British Steel Industry at The Manufacturer's Annual Leaders Conference on November 2.

The British steel industry has faced substantial global price pressures due to weak demand and over-capacity, leading many to perceive it as a  ‘dying industry’.

Liberty House Group’s Sanjeev Gupta, through a strategy that defied these perceptions, acquired and restarted a number of steel and engineering businesses, saving more than 2,000 jobs.

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He will discuss the challenges faced by the British steel industry giving his view on the opportunities and risks of following the country’s decision to leave the European Union earlier this year.

Gupta will also share his views on plans to rejuvenate British manufacturing by creating a competitive and sustainable sector based on his sustainability-focused ‘GREENSTEEL’ strategy.

Liberty House Group is a fast-growing $7bn global industrial enterprise spanning metals, steel production and advanced engineering solutions, supported by sustainable energy and financial products provided by Liberty’s sister company, Simec.

The ‘Greensteel’ strategy aims to provide energy intensive industrial sites with continued access to low-cost, clean power supply during times of peak demand or periods when solar and wind power are not delivering.

Gupta explained: “Government support in removing carbon tax on power stations feeding steel plants, its backing for conversion of coal-fired stations to biomass and the green light for tidal lagoon power would give the British steel industry and manufacturing a huge boost and a bright future.”

Gupta will deliver an insight into the challenges faced by the industry at a session entitled The Future of the UK Steel Industry at The Manufacturer’s Annual Leaders Conference on November 2, Hall 2, NEC, Birmingham.