Tata Steel UK

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Tata Steel to proceed with proposed restructuring in Port Talbot

The unions' alternative plan has been rejected due to additional costs of £1.6bn

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Tata Steel allows additional investments in Port Talbot steel mill

The company will also consider investing in direct iron recovery technology under certain conditions

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Tata Steel to close two blast furnaces in the UK by the end of 2024

As a result, 2.8 thousand jobs will be lost, 2.5 thousand of them within the next 18 months

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Tata Steel has postponed a statement on the future of the Port Talbot plant

The announcement was supposed to refer to staff reductions and the closing of two blast furnaces

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Green transition of the British Tata Steel plant may require additional funds

The company wants to close the blast furnaces, workers worry about job cuts

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UK allocates a support package of £500 million to Tata Steel

The funds are intended to assist in the decarbonisation of production in Port Talbot

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UK is in talks with Tata Steel about a $630 million aid package

The funding is earmarked for a steel plant in Port Talbot

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Tata Steel will decide the Port Talbot plant’s future

The company notes that the service life of one of the blast furnaces is coming to an end in a year

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Tata Steel UK is asking for a level playing field for the green transition

The company expects subsidies from the UK to decarbonize the steel plant in Port Talbot

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Tata Steel UK imports 25 thousand tons of hot-rolled coil from India

The products are mainly intended for the company's distribution centers

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Tata Steel may consider curtailing some operations in the UK

The company expects to receive financial support from the British government within 12-24 months

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Negotiations between Tata Steel and the UK regarding financial support are ongoing

The parties are still considering the request for an aid package

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