UK Steel has welcomed a major investment by Special Melted Products after the company signed a contract with Danieli & C. S.p.A. to supply what is set to be the UK’s largest superalloy forging press.
The project, known as Project Vulcan, is expected to significantly expand domestic capacity in the production of high-integrity steels and advanced alloys used in sectors such as aerospace, energy and civil nuclear power. Industry representatives say the investment marks an important step in strengthening Britain’s high-value manufacturing base at a time of growing geopolitical and supply chain uncertainty.
The new press will enable SMP to forge larger and more complex components for demanding applications, reinforcing the UK’s ability to supply critical materials domestically. UK Steel said the project would enhance so-called “sovereign manufacturing capability”, reducing reliance on overseas suppliers and improving resilience across strategic industries.
The investment is also expected to support skilled employment and technical expertise in the speciality metals sector, which plays a central role in supplying high-performance components for safety-critical infrastructure and transport systems.
Gareth Stace, director-general of UK Steel, described Project Vulcan as a landmark development. “It is a clear demonstration of what can be achieved when companies back advanced manufacturing in Britain,” he said. “SMP’s decision to expand its domestic forging capability strengthens the UK’s sovereign industrial base and supports critical national supply chains.”
He added that the deal underlined the strategic importance of the UK steel industry in a challenging global environment. “This investment reflects the sector’s strength and innovation, and reinforces the UK’s reputation as a world-class producer of speciality metals,” he said.
UK Steel also congratulated SMP and Danieli on the partnership, noting that the project was likely to deliver long-term benefits for both domestic manufacturers and international customers.
Project Vulcan forms part of wider efforts within the UK metals sector to modernise production facilities and invest in advanced equipment, as companies seek to meet rising demand for high-specification materials in defence, energy transition and aerospace markets.
