Which ironmaking towns are the best for iron making?
Posted March 03, 2018 08:06:52The first thing you need to know about the steel mill industry in Sheffield is that it is a booming business, and one that is not going to go away any time soon.
The steel mill industries in Sheffield are booming.
Photo: Ian LeachFor the past 20 years, Ironbridge Ironworks has been the largest steel mill in the country, with capacity to churn out more than 400,000 tonnes of steel a year, and employ more than 11,000 people.
In 2015, it also broke ground on a £2.5 million plant, and plans to begin operations next year.
However, the company has been struggling since the global financial crisis, and the majority of its operations have closed, with its chief executive losing his job earlier this year.
Its chief executive, Steve Pacey, told The Sunday Times that the business has struggled to keep up with the demand from consumers and the global economy, and has now been forced to close for the first time in the history of the company.
“It is a tough situation,” he said.
“We have had to make some difficult decisions.
There are not many steel mills that have to go out and close and close again.”
I do think it is going to be a tough year for Ironbridge.
“What I would say to the investors is that the ironmaking industry is going through a major transformation and that is what you need.”
Ironbridge Iron Works has been operating in the Sheffield city centre since 1983.
The mill is owned by the State, but is operated by a private company.
The main mill site is in Oakwood, a small community of about 1,000, and it is estimated that there are around 20,000 to 25,000 ironmaking jobs in the city.
Mr Pacey said the company would have to cut back on jobs and cut costs to stay afloat.
“Ironbridge has been running its business as a private enterprise for 20 years,” he told The Times.
“The only thing that we have achieved is that we are now going into a period where we have to re-evaluate what we can do.”
Mr Pacy said he had had discussions with the City of Sheffield about the closure of Ironbridge’s plant.
He said that was a good idea, but that there were also “potential problems” that needed to be addressed before Ironbridge could be able to restart its operations.
“That is a very difficult decision to make,” he added.
“To do that we would need to cut down our workforce by 20 per cent.”
Our workforce has shrunk from 1,500 to around 600.
We are in a position where the workforce is shrinking rapidly.
“The mill, which produces about 100 tonnes of iron a day, has been losing money.
The last time it was profitable was in the early 1990s, when it produced between 500 and 600 tonnes a day.
Ironbridge, which is one of the oldest ironmaking companies in the UK, had been operating for over 50 years before it was forced to lay off most of its workforce.”
Since the financial crisis we have had no new investment in the business,” Mr Pacey told The Independent.”
When we did make a major investment in that mill, we had no money to spend.
“In the last three years we have lost £5 million and we are in the process of laying off workers.”
There is a real worry that the company will not be able in a decade or two to meet the increased demand for its product.
“The last job cuts were in December 2016.”
If we don’t have a profitable mill, it will be a hard situation for the company and the business.
“He said the closure would affect the company’s ability to pay wages and bonuses, and that he hoped to find a way to survive in the future.”
They are looking at how we can survive in this situation, how we will operate in the next couple of years and the future,” he explained.
Iron Bridge’s steel works is one among a number of businesses that have been affected by the global economic crisis.
Photo (cc) Ian Lechards Picture: SuppliedIronbridge says it has been paying its staff fairly and fairly, and is now considering the closure as a way of protecting the business from being forced to shut down.”
You can’t put a price tag on the fact that we do get affected, and we have done it in the past,” Mr Leach told The Saturday Paper.”
But we have never had a shutdown before.
“Mr Leach said the decision to close the mill was not easy, but it was necessary.”
For many years, it was a fairly safe business,” he commented.”
Many years ago, I was involved in ironmaking, and I know a lot of people that were very proud of their jobs.
“He also stressed that he was not concerned about the safety of his workers.
However he said that a downturn in the global steel market could cause a