A Welsh steel rod and coil supplier mothballed over two years ago has resumed production, securing 150 jobs.
Liberty Steel in Newport will hot roll steel producing products that are re-engineered for use in construction.
International steel and metals group Liberty House bought the works from Mir Steel in 2013 and kept workers on half pay while waiting for market conditions to improve.
The steel works is predicted to produce 50,000 tonnes of steel for the UK market and also plans to increase the production to 100,000 per month for export.
Liberty group managing director Sanjeev Gupta said: “We intend to buck the recent trend in the UK steel industry.
“The UK has the richest history in steel production in the world and production is viable here – what is needed is a lean, productive operation which is also agile and flexible and one that is able to adapt quickly to changes in the market.”
In recent years the rebar market has transformed as cheaper Chinese steel was sucked into the recovering UK construction market.
The positive news came as ministers, steel companies, unions and trade bodies met in Rotherham today to discuss the steel industry crisis.
The industry has been hit by global overcapacity and reduced demand in steel, seeing steel prices slump by nearly a third.
Business Secretary Sajid Javid, who will be chairing the summit, said: “There is no magic bullet and we can’t change the price of steel, but we can forensically work through all of the challenges we know the industry is facing to see what solutions there might be.”
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A major blaze destroyed the roof of the historic headquarters of the Co-operative Wholesale Society and brought part of Manchester city centre to a standstill last Tuesday evening.
Wates Construction was renovating the grade II-listed six-storey building into offices as part of the £800m Noma redevelopment.
Eight fire engines raced to the former CWS building, near Victoria railway station, when the alarm was raised at around 5.30pm.
Over 50 firefighters battled for four hours to get the high-rise blaze under control, which appears to have destroyed the pitched roof section of the building.
Tram services were halted in the area and electricity supplies were isolated as a precaution.
A fire service drone flew over the scene as part of the operation to pick up on heatspots, transmitting images to the ground.
One worker told the Manchester Evening News: “I was working today but left the site at about 4.30pm. I got a call to come back because the building had been on fire.
“Some workers had been carrying out grinding work but we have no idea what has caused the fire.”
A spokesperson for NOMA and Wates Construction said: “We are working closely with the Greater Manchester Fire and Rescue Service and our on-site team to ensure we can gain access to the building as soon and as safely as possible.”
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