Tuesday, May 21, 2019

As British Steel Struggles So Comes Multi-Million Pound Investment to Support Bulk Imports

Cheaper Overseas Product Benefits Port Operator
Shipping News Feature
UK – On a day when the troubles of British Steel are very much to the fore port operator PD Ports has announced a multi-million-pound investment at Groveport in partnership with international steel traders and long-standing customer, All Steels Trading. This new long-term contract represents the largest single investment in the last decade at Groveport and signifies the next step in PD Ports’ growth strategy as the Port gears up for further expansion.

Construction on the new six-month build programme, which offers direct quay access, started in March and will see All Steels Trading’s footprint at Groveport expand from 166,000 square feet to over 300,000 square feet. Once operational, PD Ports will handle, store and prepare the steel trader’s imported products ensuring it is available on demand. Geoff Lippitt, PD Ports’ Group Business Development Director, commented:

“We are incredibly proud to have further strengthened our long-standing relationship with All Steels Trading as UK port of choice beyond 2035. The length of the contract with All Steels Trading shows a true partnership and demonstrates the trust and confidence the Company has in our market knowledge and our ability to understand as well as respond to their needs.

“Our skills and experience complemented by our central UK location for transport distribution to key UK steel processing sites and backed by a dedicated haulage fleet has positioned Groveport as the UK’s market leader for handling long steel products.

“We have seen transformational change in the global steel industry in recent years which has brought challenges but also real opportunity for some of our customers and we are continuing to invest and support that customer growth.”