Sev.en Global Investments has announced that it has successfully completed the acquisition of two major steel companies: Celsa Nordic and Celsa Steel UK.
It added that this “significant milestone” marked its entry into a new industry and region, and would enhance its global portfolio of circular steel while cementing its commitment to sustainable industrial practices.
The organisation revealed that Celsa Nordic would be rebranded to 7 Steel Nordic, and Celsa Steel UK would become 7 Steel UK. Both entities are now set to operate under the unified brand umbrella of 7 Steel.
With a production capacity of two million tonnes of construction steel per-annum, the steel mills produce everything from bars to sections, mesh and wires. These steel products are used in a range of sectors, including rail.
Alan Svoboda, CEO, Sev.en Global Investments: “I am very pleased with the successful completion of the acquisition of several innovative and specialized steel companies. It is part of our strategy to enter new industries, and we believe that steel is a long-term sound investment. We will support growth, development, further innovation, and the green transition. We look forward to promising business strategies and establishing a strong market presence, leveraging our combined strengths to drive innovation and growth. Together, we will build a resilient business ready to face future challenges and unlock new opportunities.”
7 Steel said it was committed to sustainable practices, and would prioritise environmental responsibility and the circular economy, where materials are reused and repurposed. A key aspect of this commitment is the focus on fully sustainable steel production in electric arc furnaces, which leverages recycled scrap materials. By recycling steel, the group hopes to significantly reduce carbon emissions associated with traditional steel manufacturing processes.
7 Steel UK (formerly Celsa Steel UK) is the nation’s leading producer of low-carbon construction steel and the largest recycler of scrap steel in the UK. Headquartered in Cardiff, where its primary steel manufacturing facilities are also located, the company operates a fully integrated operation including scrap collection, steel production, and fabrication. Its national footprint includes four strategically positioned scrap yards and 17 fabricator depots across the UK, enabling responsive, locally focused service to the construction sector. 7 Steel UK has contributed to some of the UK’s most iconic construction projects, including Wembley Stadium, London’s Olympic Park, and The Shard.
With an annual production capacity of 1.2 million tonnes, 7 Steel UK plays a central role in the UK’s circular economy and sustainable infrastructure delivery. The business operates one of the UK’s most efficient electric arc furnaces, enabling steel production with a fraction of the carbon emissions associated with traditional methods.
Carles Rovira, CEO of 7 Steel UK: “This marks an exciting new chapter for our business. As 7 Steel UK, we remain deeply committed to serving the UK construction sector with sustainable, high-quality steel. Backed by Sev.en Global Investments, we are poised to accelerate innovation and strengthen our leadership in the circular economy. Our people, our purpose, and our product have never been more aligned to the future of the UK economy and the wider UK Steel sector.”
The acquisition will also expand the steel companies’ workforces, with an additional 2,700 set to join. The total number of employees within the Sev.en Global Investments group more than doubles to over 5,700. Sev.en Global Investments will now focus on the integration of 7 Steel into the portfolio, and the gradual transition and rebranding will take place until mid-July 2025.
For more information about 7 Steel, please visit www.7-steel.com.