New steel works in Holyhead?
There were some interesting discussions at Eurometal’s Steel Trade Day in Düsseldorf 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 production
Is this the big idea to regenerate Holyhead?
Holyhead used to have an aluminium smelter, provided with cheap power by Wylfa nuclear power station. If a new nuclear power station comes to Ynys Môn then the same type of deal can be struck, to provide cheap electricity to a steel works. Korean and American nuclear companies have been visiting the Wylfa site in recent weeks, and are said to be keen to invest. 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. 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
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. Green steel commands a premium, particularly with German car makers
Dewi
Dewi Jones
Llangefni
Ynys Môn
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