1. ITV Report

Scrap steel recycle plan could bring 600 jobs in Newport

First Minister Carwyn Jones and Liberty House's executive chairman Sanjeev Gupta at today's launch. Credit: ITV News

Up to 600 jobs over the next two years could be created at a site in Newport, as steel supplier Liberty House plan to recycle steel from scrap.

The process will see scrap metal melted in an electric arc furnace and then made into new products. The furnace will take around two years to install.

Liberty's executive chairman Sanjeev Gupta will make a further announcement later today.

The news comes after the firm said they will employ 70 workers at Tredegar in South Wales, with many more jobs created in the supply chain.

READ MORE: Jobs created as Tredegar steelworks reopen

Liberty House's executive chairman Sanjeev Gupta Credit: PA

We are doing everything in our power to support the steel industry in Wales, which is vital for the sustainable future of our manufacturing industry.

The reopening of the Valley’s steelworks is good news for our steel industry. Liberty has a proven track record within the steel sector and is one of a few companies expanding in today’s challenging climate.

– First Minister Carwyn Jones

Watch Carole Green's package here.