Hot on the heels of news this week that a contract for around 7,000 tonnes of steel for the Net Zero Teesside project worth approximately £5m has been awarded to a Chinese supplier, it has emerged that Special Melted Products (SMP) has signed a contract with Danieli & C for the supply of the UK’s largest superalloy forging press, as part of Project Vulcan, a move that has been welcomed by UK Steel.
The investment represents a significant milestone for the UK speciality metals sector and will strengthen domestic capability in the production of high-integrity steels, superalloys and advanced components for critical industries including aerospace, energy and civil nuclear.
Project Vulcan is a hugely important investment for the UK steel industry and a clear demonstration of what can be achieved when companies back advanced manufacturing in Britain
Gareth Stace, Director-General of UK Steel
The new forging press will enhance the UK’s sovereign manufacturing capability, reinforce critical supply chains and support high-value jobs and skills, while maintaining the UK’s position as a global leader in advanced materials and high-performance alloys.
Gareth Stace, Director-General of UK Steel, said: “Project Vulcan is a hugely important investment for the UK steel industry and a clear demonstration of what can be achieved when companies back advanced manufacturing in Britain. SMP’s decision to expand its domestic forging capability strengthens the UK’s sovereign industrial base, supports critical national supply chains and reinforces the UK’s reputation as a world-class producer of speciality metals.
“In a challenging global environment, this investment underlines the strength, innovation and strategic importance of the UK steel sector. UK Steel congratulates SMP and Danieli on this partnership and looks forward to seeing Project Vulcan deliver long-term benefits for UK industry and international customers alike.”
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