Tata Steel UK

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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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Tata Steel may shut down Port Talbot blast furnace

The company seeks to learn about the details of steel support by July 2023

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The UK’s government will offer a support package for British Steel and Tata Steel

Each of the companies will receive grants in the amount of about £300 million ($371 million)

Tata Steel threatens to close Port Talbot plant due to lack of government aid

The company has been asking the British government for £1.5 billion for a decarbonization program for two years, but the authorities are silent

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