Tata Steel ceases operations at Port Talbot in UK

Tata Steel has ceased steel-making operations at Port Talbot in the UK with effect from Wednesday, after it shut down the remaining blast furnace, the sinter plant, and some secondary steel-making and energy systems.

The largest producer of steel in the region had already shut a blast furnace and coke ovens earlier this year after the assets had reached their end-of-life and were not economically and environmentally viable.

“…we know that Port Talbot has been a steel plant where industrial processes and new technologies have been introduced to enhance its output, often setting standards for other steelmakers,” Rajesh Nair, the chief executive officer of Tata Steel UK said.

“In that tradition, we are planning a brighter, greener future through our £1.25 billion investment in low CO2 scrap-based steelmaking, which will sustain more than 5,000 jobs across the UK, and which will also give Tata Steel businesses across the UK a competitive market advantage,” he said.

Tata Steel is building an electric arc furnace (EAF) in the UK for a total investment of 1.25 billion pound sterling, for which it will get a grant of 500 million pound sterling from the government. Around 2,800 jobs will be made redundant in this transition from a blast furnace to an electric arc furnace, and these employees have been provided a support package and re-skilling programme from the company.

Tata Steel will resume steel-making in the region by 2027 or 2028, through the usage of scrap steel. It will be placing orders for equipment shortly, and expects the EAF to be operational within three years.

This article was originally published by Indiatimes.com. Read the original article here.

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