Ireland-based steel stockholder Hibernia Steels Products is investing into a 36,000 tonnes/year hot-dip galvanizing line near Drogheda. The firm has received planning permission for the project but will need to wait 12-18 months until any potential appeals have been concluded before starting construction.
The firm is making the investment as it has identified a supply shortage in Ireland of galvanized steel, which increases the lifespan of steel and therefore reduces carbon emissions from steelmaking, Hibernia tells Kallanish.
The firm supplies the construction and machinery sectors, among others, with beams, merchant bar and hollow sections. It trades some 40,000 tonnes/year of steel and processes a further 7,000 t/y, a number that it aims to grow to 15,000 t/y. As well as processing its own steel, it subcontracts fabrication services to customers. Steel is sourced mainly from EU mills.
Adam Smith Poland
