News in Brief: July 2017
British Steel has reported a profit for the first year as an independent business since being sold by Tata Steel.
The company posted £47M in earnings before interest, tax, depreciation and amortisation in the 12 months ending 31 March. British Steel Executive Chairman Roland Junck said: “In 12 months we have started transforming from an inward-looking production hub into a profitable, more agile business by controlling costs, improving our product range and quality, and through strategic investments.”
Trimble has released a variety of new tools for Tekla Structures, which it said will enable customers to detail miscellaneous steelwork easily and quickly. Expanding upon the group of default components already available in Tekla Structures, Trimble has added new components to address more complex situations. The new tools, which can be used for a multitude of projects, whether it’s residential, industrial or architectural, are said to allow detailers to create curved platforms, spiral staircases and mezzanine floor systems.
Swansea Council has approved plans for a £500M redevelopment which is set to reinvigorate a large swathe of the city centre. The 11.5-hectare project will be home to new shops, restaurants, offices, housing and a cinema to the north, and an indoor arena and hotel to the south. The scheme, which is likely to include a number of steel-framed structures, will also involve the partial demolition of the existing St David’s shopping centre.
Steelwork contractor Severfield has announced that its pre-tax profits nearly doubled in the year to March, rising from £9.6M to £18M on the back of surging orders and the first full-year contribution from the acquired Composite Metal Flooring business.