New steel works in Holyhead?
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There were some interesting discussions at Eurometal’s Steel Trade Day in DĂźsseldorf last week, prompted by a representative from Tata
It seems future investment in green steel works will be governed by two things: new locations, where there is no legacy steel works to convert, and sources of cheap power for arc furnaces and hydrogen productionÂ
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Is this the big idea to regenerate Holyhead?
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Holyhead used to have an aluminium smelter, provided with cheap power by Wylfa nuclear power station. Â If a new nuclear power station comes to Ynys MĂ´n then the same type of deal can be struck, to provide cheap electricity to a steel works. Â Korean and American nuclear companies have been visiting the Wylfa site in recent weeks, and are said to be keen to invest. Â The harbour already has a conveyor system to bring bulk shipments to the old smelter site which has been cleared by new owners Stenna ready for new investment. Â Holyhead is already receiving investment from the U.K. government to build a “hydrogen hub”, and the site is part of the freeport, so imported ore and exported steel would be tax free
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It all stacks up – Wales gets to continue its proud tradition of steel making, but on a brand new site with an environmentally friendly process. Â Green steel commands a premium, particularly with German car makers
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Dewi
Dewi Jones
Llangefni
Ynys MĂ´n
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