Chinese Steel – an insurance perspective | Wilson Organisation


November 23, 2015

Chinese Steel – an insurance perspective

Chinese Steel – an insurance perspective

The Engineering Employers Federation recently issued a press statement and safety warning about the use of Chinese steel. There are two key areas as we see it at Wilsons that will affect a number of our construction and engineering clients, so here’s an insurance perspective on Chinese Steel.

Firstly there have been a number of incidents reported of Chinese steel containing higher levels of the elements of Boron and Chromium. Chinese producers of steel add these elements in order to qualify the steel as an alloy because alloy steel exports benefit from a tax rebate. However alloy steel plates and sections do not comply with the European Standards for structural steel.

The second issue and more importantly is that these alloy additions can significantly affect the steel when it is being welded. These levels of alloy can cause steel to crack on welding and it is a problem which may not show up for up to 48 hours after the welding has taken place. This problem can also be found in copper-alloyed steel as well.

This matter was also highlighted to the Galvanisers Association members and they have been made aware of the issues and have been tracking any problems which have arisen during the galvanising process and whether there has been any breakdown or cracking in the welds of the affected structures. However, to date the Galvanisers Association have advised that they have not seen any significant increase in the impact of such cracking in their processes.

Wilsons felt that this information would be useful to our construction and manufacturing based businesses.

For further information, please contact Mark Minton.


Over 100 years of innovation

  • 1914

    A successful launch! The Wilson Organisation was founded in Nottingham by Harold Wilson and became the first company in the East Midlands to offer a comprehensive insurance policy to the region’s fast-growing band of automobile drivers. Innovation from day one.

  • 1920s

    During the 1920’s, Wilsons developed its commercial insurance offering under the stewardship of Harold Wilson. Hopping forwards 80 years, Wilsons has developed a number of industry specialisms including a particular expertise in the food and drink sector. We created a unique insurance offering called “FoodProtect” and, through this service, have been able to deliver intelligence and cost-effective insurance programmes to a broad spread of leading food producers. The best thing since sliced bread? Maybe not, but we’re working on it.

  • 1949

    John Prow joined Harold Wilson in the business, marking the first generation of the Prow family’s involvement in The Wilson Organisation. Wilsons’ clients included leading Nottingham firm Boots The Chemist plus a number of operators in the burgeoning railway sector. With post-war regeneration beginning apace, the firm’s fledgling construction expertise quickly developed into one of our leading offerings and this continues through to the present day, with clients including national and regional builders, developers, contractors, sub-contractors and architects.

  • 1960s

    The 1960s were the start of a new era for The Wilson Organisation. Harold Wilson and John Prow died on the same day in 1963, Harold of illness and John in a car crash. This left John’s son, John J Prow, to run the growing business at the age of 27. Under his youthful direction, Wilsons benefited from a new energy and direction. John J Prow, who had joined in 1960 in a new business role, led the move into our current premises at Wilson House in 1964 and then launched the financial services division in the following year.

  • 1990s

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  • 2000s

    Now century on from the launch of The Wilson Organisation in 1914, the company continues to encourage innovation and reward good ideas. Within the financial services team, 2008 marked the launch of “Flex”, a powerful employee benefit programme and the development of “WRAP”, an investment tool with a unique level of investor control and transparency. Meanwhile, our insurance advisers worked quickly to bring to market a specialist insurance policy for insolvency practitioners.

  • 2010s

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