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‘More money on the table’ if Tata Steel can create more assets, jobs in UK

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‘More money on the table’ if Tata Steel can create more assets, jobs in UK

The new Labour government in the UK is willing to offer a higher grant to Tata Steel if the company invests in building downstream assets and creating more jobs for workers affected by the closure of blast furnaces. Discussions are also ongoing with the Dutch government, which has agreed to provide financial aid to Tata Steel for a similar transition at its mill in the Netherlands. The UK government supports the closure of blast furnaces for safety reasons and is focused on helping Tata Steel create a sustainable business and save jobs. In India, Tata Steel is evaluating the impact of a recent Supreme Court judgement regarding mineral rights and considering whether to continue investing in captive iron ore mines.

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