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Tata Steel plans to continue its £1.25 billion investment in a state-of-the-art Electric Arc Furnace for steel production in Port Talbot, in collaboration with the UK government. The company will also shut down its existing two Blast Furnaces by the end of June and September.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Following 7 months of formal and informal national level discussions with the UK trade unions, Tata Steel will proceed with its £1.25 Billion investment to build a state-of-the-art...
Up to 2,800 jobs are to be lost at Tata Steel’s Port Talbot facility as the company embarks on investing £1.25bn into electric arc furnace technology at the site.
The company is switching to lower carbon electric arc furnaces at the plant for which it has been extended financial assistance to the tune of 500 million pounds by the government.