Cookieless hit trackers

Steel Industry News – Early January 2025

Estimated reading time 2 minutes

The Government has announced the creation of a new steel council, with the aim of rebuilding the UK’s steel sector.  Leaders from across the industry will advise on the upcoming steel strategy, which is backed by up to £2.5bn of investment.

Business Secretary Jonathan Reynolds will chair the first meeting of the Council today (January 7) together with co-chair Jon Bolton, Chairman of the Materials Processing Institute – a globally-recognised non-profit research and innovation centre based in Teesside.

The Council will bring together steel sector leaders such as CEOs from Tata Steel, British Steel, the Warwick Manufacturing Group, Liberty Steel, Marcegaglia UK and Sheffield Forgemasters.


A United Kingdom Atomic Energy Authority (UKAEA) working group has successfully demonstrated the industrial scale production of fusion-grade steel.  This achievement has the potential to reduce production costs by an order of magnitude and improve the efficiency of future fusion powerplants.

In just its first year, the NEURONE (Neutron Irradiation of Advanced Steels) consortium has achieved a UK-first breakthrough. The group successfully produced fusion-grade reduced-activation ferritic-martensitic (RAFM) steel on an industrial scale, using a seven-tonne Electric Arc Furnace (EAF) at the Materials Processing Institute (MPI) in Middlesborough.

© 2025 Gauge and Tool Makers Association Registered in England, no. 00375508
Manufacturing Resource Centre, Adams Way, Alcester, Warwickshire, B49 6PU