Tata Steel UK

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Tata Steel’s losses in the UK reached £1.1 billion due to the closure of the Port Talbot blast furnace

The British division's revenue for the 2023/2024 financial year fell by 16% y/y

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Tata Steel signs contract with Tenova for EAF for Port Talbot plant

Tenova will supply an electric arc furnace with an annual capacity of 3 million tons

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Tata Steel has shut down the last blast furnace at Port Talbot plant

The company is implementing a decarbonization project worth £1.25 billion

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British government confirms £500m support package for Tata Steel

In addition, it is planned to present a strategy for the development of the country's steel industry in the spring of 2025

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Tata Steel closes blast furnace №5 in Port Talbot

Blast furnace No. 4 will operate until September 2024

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

At the same time, the company is challenging the legal grounds for the strike organized by the Unite trade union.

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Tata Steel worried about future transformation of Port Talbot plant amid election

Despite this, the company will continue restructuring at the British enterprise

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Tata Steel agrees to build power grid for future EAF in Port Talbot

The British National Grid will build a new energy infrastructure that will provide power to the electric arc furnace

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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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