British Steel resumes control of Immingham Bulk Terminal

British Steel has completed a deal with Associated British Ports to resume operational control of the Immingham Bulk Terminal. The plant, which is an integral part of British Steel's operations, was operated by the manufacturer until 2018, when its then owners agreed to transfer control to ABP. British Steel is now owned by the Jingye Group and has agreed to reopen the terminal, which processes millions of tons of raw materials per year.

The The Terminal on the west side of the port can handle up to 9 million tons of raw materials per year to support steel production. In accordance with the terms of the agreement, 36 employees are transferred to British Steel from IBT Ltd, which is owned by ABP.