Newport metal recycling plant "significant step" for steel industry

Steel firm Liberty House has announced it's to launch a metal recycling business, under its plans for the future of steelmaking in the UK.

Credit: PA Archive

The company said it will set up a processing centre in Newport, where it already operates a one million tonne a year hot strip mill.

Recycling centres are also expected to be set up in other areas in the UK including Scotland and the Midlands.

The company said it has plans to develop its recycling business in the United State and Europe.

Liberty House executive chairman Sanjeev Gupta has described the launch as a "significant step" for the steel industry.

The projected growth in the supply of scrap in the UK and in other developed economies over the coming years provides the basis for a strong, competitive and sustainable steel industry for the future.

– Sanjeev Gupta, Liberty House

Liberty Steel has previously expressed interest in buying Tata's Port Talbot plant.

Read more: Tata staff want 'commitments' as uncertainty for Port Talbot continues