SEV.EN GLOBAL Investments (Sev.en GI), owners of Cardiff-based 7 Steel UK, has announced plans to invest almost £100 million in the business, including a planned £30 million hydrogen-ready furnace. The investment will cover plant upgrades, technology improvements and wider operational development.
7 Steel UK produces more than one million tonnes of steel a year and directly employs close to 1,600 people across the UK. Using Electric Arc Furnace technology, the Cardiff plant recycles domestic scrap into low-carbon steel for construction, infrastructure, transport and energy projects. Its products have gone into some of the country’s most recognisable buildings and infrastructure, including The Shard, Wembley Stadium, the Heathrow Terminal 5 extension, Hinkley Point C nuclear power station and HS2.
The investment arrives at an important moment for British steel. The government has set out plans to build 1.5 million new homes and strengthen national infrastructure, both of which will require significant volumes of steel. Sev.en GI says the new policy direction reinforces its case for long-term investment in the sector.
Alan Svoboda, CEO of Sev.en Global Investments, said: “As the long-term owners of 7 Steel UK, we recognise the strategic importance of a robust independent British steel sector.
“Steel is a strategic industrial opportunity which requires continuity and a willingness to invest through the cycle. That is exactly how we invest.”
Beyond capital investment, Sev.en GI has said it is committed to the workforce. 7 Steel UK pays 1.5 times the national median salary and continues to train the next generation of engineers, helping to keep skilled industrial jobs in Cardiff and across the UK.
Steelmaking in Cardiff stretches back to the late 19th century. East Moors Works, opened in 1891, played a central role in the city’s growth and in Britain’s wider industrial development. Although the original works closed in 1978, the industry continued to evolve. 7 Steel UK is the direct continuation of that history, and Sev.en GI says it intends to carry it forward.
To find out more, visit the 7 Steel UK website.
