SSI UK expects to make a profit for the first time in 2014

The UK's second largest steelmaker, SSI UK, expects to make its first profit this year and add much-needed jobs in the North East of England, but its future is not safe.

Sahaviriya Steel Industries (SSI), recorded a net loss last year, with SSI
UK has been a major drag on its parent company. Commercial Director of SSI UK said that “This year we will produce between 3.2 million tonnes and 3.3 million tonnes of slabs and should enter profit in the second quarter. Our focus is on growth. We believe we can get about 4 million tons per year from the existing plant and we will look for further ways to increase our output. "

SSI UK finally cleared a £ 19 million debt to Redcar and Cleveland councils last month. Making steel in the UK is becoming increasingly difficult, especially given the declining demand plus higher production, logistics and energy costs compared to even mainland Europe, which itself competes heavily with Asia and the United States.

Thailand's main business unit SSI recorded a net profit of 210 million THB last year, but the consolidated group saw a net loss of 7,053 million THB thanks in large part to the 7,259 million THB losses of the UK SSI. The company has approached the government, both national and local, for some measures to support the industry, noting that progress has been made in large part due to this support.