【SMM Steel】Sev.en proposes merging British Steel, SSUK into single producer

Published: May 5, 2026 13:58

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【SMM Steel】Czech group Sev.en Global Investments proposed the UK find a single buyer for British Steel and Speciality Steel UK, potentially creating Britain's largest steel producer. The CEO said merging the two assets would require lower budget expenditures and ensure a more stable model. Sev.en plans to invest ~£100m in its UK assets and is ready to invest "hundreds of millions of pounds" in further development under the 7 Steel brand. British Steel came under govt control in April 2025 due to closure risk from Jingye. SSUK was declared insolvent following Liberty Steel's difficulties. If successful, Sev.en could overtake Tata Steel as the UK's largest steel producer.

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