Tata Steel warns of possible early shutdown of facilities in Port Talbot

Steelmaker Tata Steel warns that the shutdown of blast furnace operations at its Port Talbot facility in the UK may begin earlier than planned. This is reported by Reuters.

At the same time, the steel company is challenging the legal grounds for the strike organized by the Unite trade union. Last week, the latter said that about 1.5 thousand workers would go on an indefinite strike on July 8 due to Tata Steel’s plans to close two blast furnaces and cut up to 2.8 thousand jobs.

«In the coming days, if we are not confident that we can continue to operate our assets safely and sustainably during the strike period, we will have no choice but to suspend or stop heavy end operations – including both blast furnaces – at the Port Talbot plant,» a Tata Steel spokesman said.

According to The Guardian, the company planned to shut down one of the blast furnaces by the end of June this year and the other by September. However, workers in South Wales have been informed that Tata intends to shut down both units no later than July 7 due to a strike.

According to a company spokesperson, this is not an easy decision and the steelmaker is aware that it could be extremely costly and disruptive to the supply chain, but the safety of people in or around their facilities will always be a priority.

The British unions Community and GMB are also campaigning against Tata Steel’s plans, but have ruled out strikes before the general election. They expect the new Labor government to hold emergency talks with the company to discuss alternatives to its proposals.

The Welsh government, in turn, said it would not support the closure of both blast furnaces. They believe that the company should wait for the results of the general election (to be held on July 4) before making irreversible decisions.

Earlier, Tata Steel announced that it would continue to close heavy assets and restructure at its Port Talbot facility despite concerns that the upcoming UK general election could jeopardize its £1.25 billion investment plans. The company called on the current and future governments after the election to honor the agreement and protect the agreed terms of the decarbonization support package.

  • Society

Metinvest-SMC supplies 500 tons of rebar for a new water supply system in Mykolaiv

Metinvest-SMC, a steel trading company of Metinvest Group, has joined a large-scale infrastructure project to…

Thursday May 8, 2025
  • Global Market

US Federal Reserve kept its key policy rate in the range of 4.25-4.5% for the third consecutive time

The US Federal Reserve System (FRS) has kept the federal funds rate in the range…

Thursday May 8, 2025
  • Companies

DMZ cut rolled steel production by 52% y/y in January-April

In January-April 2025, Dnipro Metallurgical Plant (DMZ) reduced production of commercial rolled metal products by…

Thursday May 8, 2025
  • Global Market

Mexico steps up fight against illegal steel imports

Mexico's updated investment plan includes measures aimed at increasing domestic production, in particular steel output,…

Thursday May 8, 2025
  • Companies

Voestalpine demands compensation for electricity costs to maintain production

Austrian steelmaker voestalpine AG has called on the federal government to renew the mechanism for…

Wednesday May 7, 2025
  • Global Market

Indian prices for ferroalloys fell by $9/t in early May

Quotes for Indian ferromanganese (Mn 70) fell by $8/t from April 25 to May 5…

Wednesday May 7, 2025