Cardiff steel company secures £100m investment - will cover plant upgrades, technology improvements and wider operational development

Insider media, Ben Butler, 13 May 2026                  Link to the original article

The owners of a Cardiff-based steel company plan to invest £100m in the business, including a planned £30m hydrogen-ready furnace.

Investment from Sev.en Global Investments (Sev.en GI) into 7 Steel UK will cover plant upgrades, technology improvements and wider operational development.

The company produces more than one million tonnes of steel a year and directly employs close to 1,600 people across the UK. 

The Cardiff plant, using Electric Arc Furnace technology, recycles domestic scrap into low-carbon steel for construction, infrastructure, transport and energy projects. 

Its products have gone into some of the country’s most recognisable buildings and infrastructure. These include The Shard, Wembley Stadium, the Heathrow Terminal 5 extension, Hinkley Point C nuclear power station and HS2.

Alan Svoboda, CEO of Sev.en Global Investments, said: "As the long-term owners of 7 Steel UK, we recognise the strategic importance of a robust independent British steel sector.

"Steel is a strategic industrial opportunity which requires continuity and a willingness to invest through the cycle. That is exactly how we invest."