ArcelorMittal issues warning that one of its key divisions may leave the UK

ArcelorMittal, one of the world’s largest steel companies, has issued a dire warning to the UK government regarding the potential closure and redevelopment of a key division in Chatham Docks, Kent. The company has stated that if an application to redevelop a part of the commercial port is approved, they may be forced to leave the country, resulting in significant adverse consequences for the British economy and strategic industries.

In a letter addressed to Michael Gove, the levelling-up secretary, Matthew Brooks, managing director of ArcelorMittal Kent Wire, expressed deep concerns about the lack of scrutiny and public awareness surrounding the proposal by Peel Waters to redevelop the site for housing and commercial facilities. Brooks emphasized the importance of the site in supplying steel for construction, with operations at Chatham Docks responsible for approximately 30% of Britain’s concrete steel reinforcement.

The potential closure of the docks, which employ nearly 800 people and generate significant economic value, could have far-reaching implications for the UK’s infrastructure and construction industry. ArcelorMittal has stressed the importance of the site as a strategic asset for the country’s economy, citing its contributions to major projects such as Crossrail, HS1, and Heathrow Terminal 5.

The company has made it clear that if the application is allowed to proceed, they may have no choice but to cease operations in Britain due to the lack of suitable alternative sites. The fate of Chatham Docks hangs in the balance as stakeholders await a decision from Medway Council this Wednesday.