The vision of a smart, clean, green steel industry has come one step closer to fruition with the announcement of a new £35m initiative which will see steelmakers and universities work together on a seven-year research programme to transform the sector.
UK steelmakers face electricity prices twice those of their direct competitors in France and 50% more than German steel producers, according to a new report published by the sector’s trade association.
The age of steel dawned around 150 years ago. To ensure it continues for centuries to come, foundries will need to embrace new materials, technologies, processes and industrial innovations. Thankfully, the UK steel industry is already at the cutting-edge of technical developments.