One hundred and twenty jobs are to be created at the former Rowecord site in Newport, with steel company AIC Steel investing in a new manufacturing facility in the area.
The Rowecord plant went into administration in April 2013, making 430 people redundant. Some of those to be employed by AIC will be those who lost their jobs last year:
International structural steel firm AIC Steel Group has announced it's to open its first UK manufacturing facility on the site of the former Rowecord plant in Newport.
It's believed the investment will create 120 jobs. Carole Green reports.
Workers at the Tata steel plant in Port Talbot have been sent letters inviting them to stay home at half pay during March.
It's understood that the majority of the 5000 workers based there have been offered the deal.
A spokesman said the scheme was "a very flexible approach"