News Post

Tata Steel ends 'legacy steelmaking' at UK's largest steelworks

Money Control · 5d

- Tata Steel's Blast Furnace 4 at the Port Talbot plant in Wales ceased operations after over 100 years. - Steelmaking at the plant is set to resume in 2027-2028 using Electric Arc Furnace-based steelmaking with UK-sourced scrap steel. - Tata Steel is investing GBP 1.25 billion in low CO2 scrap-based steelmaking, sustaining over 5,000 jobs in the UK. - The closure of legacy steelmaking assets in Port Talbot marks a significant event in the UK steel industry's history. - Tata Steel plans to collaborate with business partners, academia, governments, and communities to secure a brighter, greener future. - The company's planned GBP 750 million investment in low-CO2 green steelmaking will be supported by a GBP 500 million Grant Funding Agreement with the UK government. - Many of the existing heavy end assets at Port Talbot had reached the end of their operational life. - Tata Steel is sharing details about the new Electric Arc Furnace with local communities, customers, and the planning department. - The transition will result in an estimated 2,800 redundancies, prompting sadness from steelworkers' trade unions. - The UK government has provided a minimum voluntary redundancy payout and offers of training to support affected workers.