TATA Steel yesterday launched its “new super” steel, Celsius 420, designed to be 17 per cent lighter than conventional steel and aimed primarily at the construction industry.
The decrease in weight will allow constructors to use smaller foundations and save on costs and time by requiring fewer temporary structures, in addition, the new steel is far easier to weld.
The new steel, which is currently undergoing customer trials, is made in strip at Tata’s mills in south Wales before being fashioned into hot-finished tubes at the company’s Hartlepool and Corby mills.
Henrik Adam, Tata Steel’s chief commercial officer in Europe, said: “In Celsius 420 we’re bringing to market an entirely new range of hot-finished hollow structural sections that we think is in a class of its own.
The new Celsius 420 range of circular, square, rectangular and elliptical hollow sections entered production late last year and is currently undergoing customer trials.
The company, Europe’s second-largest steelmaker, entered talks last year to sell some of its largest steelmaking operations in Britain, including its long products division, to Geneva-based Klesch Group.
Shares in the company gained 2.13 per cent on the product announcement.