Investment Minister, Baroness Gustafsson CBE, visited the site this week with Walsin Lihwa chairman, Yu-Lon Chiao.
She described the investment as a “major vote of confidence in Sheffield’s world-class manufacturing sector”.
Mr Chiao, said: “The United Kingdom possesses a vast market in aerospace, energy, and nuclear power sectors that is unparalleled by Taiwan.
“This investment marks a significant milestone in SMP’s development and underscores Walsin Lihwa’s firm determination for global expansion strategy.”
Gareth Stace, Director General at UK Steel, said the investment was “tremendous news”.
“This is sign of trust in British steelmaking and manufacturing, pushing forward valuable investment plans and establishing skilled careers,” he said.
“Special Melted Products’ plans mean we are onshoring supply chains for industry giants like Rolls Royce, meaning investment goes directly back into UK jobs and the economy.”