Latest news with #TataSteelUK
Yahoo
17-07-2025
- Business
- Yahoo
UK Eyes Breakthrough in US Steel Tariff Talks
UK officials are optimistic that the Trump administration will soon agree to modify the domestic-production requirements that are holding up a trade agreement to lower US tariffs on British steel. The UK has asked that steel imported from European countries such as the Netherlands and then manufactured into products in the UK qualify as British for the purposes of US tariffs, according to people with knowledge of the negotiations. That would mean products made by Tata Steel UK, which no longer has its own furnace and must rely on raw steel from elsewhere, could be exported to the US tariff-free. Bloomberg's Katia Dmitrieva reports.
Time of India
14-07-2025
- Business
- Time of India
Tata Steel begins construction of £1.25 billion Electric Arc Furnace in UK, aims to cut 5 million tonnes CO₂ annually
New Delhi: Tata Steel UK commenced construction of a £1.25 billion Electric Arc Furnace (EAF) at its Port Talbot site, with an aim to reduce carbon emissions by approximately 90 per cent or 5 million tonnes per year. The green steel project is supported by a £500 million investment from the UK government and is expected to be commissioned by the end of 2027. The groundbreaking ceremony was attended by Tata Group Chairman Natarajan Chandrasekaran, Tata Steel CEO and MD T.V. Narendran, and Tata Steel UK CEO Rajesh Nair, along with UK government ministers. 3 million tonnes of annual production capacity Once operational, the new EAF will melt UK-sourced scrap steel to produce up to 3 million tonnes of steel per year. It will be one of the largest electric arc furnaces globally. The project also includes new ladle metallurgy facilities and infrastructure upgrades, with partnerships from technology providers including Tenova, ABB and Clecim. Sir Robert McAlpine has been appointed as the main contractor, supported by a regional supply chain including Darlow Lloyd & Sons, Mii, Skelton Thomas, Wernick Buildings, Andrew Scott Ltd and Systems Group. 'A new era for sustainable manufacturing' 'This is an important day for Tata Group, Tata Steel and for the UK. Today's groundbreaking marks not just the beginning of a new Electric Arc Furnace, but a new era for sustainable manufacturing in Britain,' Tata Group Chairman Natarajan Chandrasekaran said. 'At Port Talbot, we are building the foundations of a cleaner, greener future, supporting jobs, driving innovation, and demonstrating our commitment to responsible industry leadership.' Government reiterates support for steel sector UK Business Secretary Jonathan Reynolds said the project was part of the government's Industrial Strategy and reaffirmed support for the domestic steel industry. 'This government is committed to a bright future for our steel industry, which is why we provided £500 million of funding to make this project possible,' he said. Secretary of State for Wales Jo Stevens said, 'The UK Government acted decisively to ensure that steelmaking in Port Talbot will continue for generations to come, backing Tata Steel with £500 million to secure its future in the town, along with £80 million to support workers and the wider community.' Welsh First Minister Eluned Morgan added, 'Seeing spades in the ground today provides a tangible sign of Tata's intention to continue producing steel in the area.' The UK Government has also announced a £2.5 billion investment under its Steel Strategy to support the domestic industry, maintain employment, and drive industrial growth. The groundbreaking at Port Talbot marks a key milestone in Tata Steel UK's decarbonisation strategy and long-term commitment to sustainable steel production.>
Time of India
14-07-2025
- Business
- Time of India
Tata Group Chairman performs ground breaking of 1.25 bn pound green steel project in UK
Tata Group Chairman N Chandrasekaran on Monday held the ground-breaking ceremony at Port Talbot in the UK to kickstart the construction of a GBP 1.25 billion green steel project to cut down carbon emissions by 90 per cent at the site. The company is transitioning from the blast furnace route to the low-emission electric arc furnace process, which will utilise the locally available scrap. " Tata Steel UK today celebrates a historic milestone in its green transformation journey as Natarajan Chandrasekaran, Chairman of Tata Group, joins government ministers at a groundbreaking event for the company's state-of-the-art Electric Arc Furnace (EAF) facility in Port Talbot," the steel player said in a statement. Chandrasekaran was joined by Tata Steel CEO and Managing Director T V Narendran and Tata Steel UK CEO Rajesh Nair, for ground breaking which marks the official start of construction for the UK's largest low-carbon steelmaking facility. This is part of a GBP 1.25 billion transformation to low CO2 steelmaking, supported by a GBP 500 million investment from the UK Government. The joint investment by Tata Steel and the UK Government in green steelmaking at Port Talbot is the biggest in a generation and will secure 5,000 jobs across Tata Steel UK. Live Events The new EAF is set to be commissioned at the end of 2027 and is expected to reduce Port Talbot's carbon emissions by approximately 90 per cent, equivalent to 5 million tonnes of CO₂ per year, and 50 million tonnes over the next ten years. Chandrasekaran said: "This is an important day for Tata Group, Tata Steel and for the UK. Today's groundbreaking marks not just the beginning of a new Electric Arc Furnace, but a new era for sustainable manufacturing in Britain. At Port Talbot, we are building the foundations of a cleaner, greener future, supporting jobs, driving innovation, and demonstrating our commitment to responsible industry leadership." This project is also part of Tata Group's wider investment in the UK, across steel, automotive, and technology among others, which reflects our deep and enduring partnership with this country, said Chandrasekaran, who is also the chairman of Tata Steel. Business Secretary Jonathan Reynolds said: "This is our Industrial Strategy in action and is great news for Welsh steelmaking backing this crucial Welsh industry, which will give certainty to local communities and thousands of local jobs for years to come. "This government is committed to a bright future for our steel industry, which is why we provided GBP 500 million of funding to make this project possible. Our modern Industrial Strategy will set out how we'll back the sector even further to drive growth and create well-paid jobs across the country, as part of our Plan for Change." Secretary of State for Wales Jo Stevens said: "The UK Government acted decisively to ensure that steelmaking in Port Talbot will continue for generations to come, backing Tata Steel with GBP 500 million to secure its future in the town, along with GBP 80 million to support workers and the wider community. Our Steel Strategy will also deliver GBP 2.5 billion of investment to rebuild the UK industry, maintain jobs and drive growth. First Minister Eluned Morgan said: "This is a momentous day for heavy industry in Wales, as the electric arc furnace has secured the long-term future of steel making at Port Talbot. The start of the construction phase is good news for Port Talbot and neighbouring communities, and I'm especially pleased that Tata has committed to employing local contractors and local workers where it can." India-based Tata Steel owned the UK's largest steelworks of 3 million tonnes per annum (MTPA) at Port Talbot in South Wales and employed around 8,000 people across all its operations in that country. To take forward its transition plan, the company shut its upstream operations in a phased manner amid workers' protests and job cuts. At present, Tata Steel UK is using substrate from India and Netherlands operations to service existing customers in the UK. PTI
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Business Standard
14-07-2025
- Business
- Business Standard
Tata Steel begins Port Talbot EAF project as UK backs £500-mn investment
Port Talbot in South Wales – Tata Steel's primary steelmaking site in the UK – is set for a new beginning as the company breaks ground on an electric arc furnace (EAF), signalling a shift towards low-carbon steel production. To mark this milestone for Tata Steel and British steelmaking, Tata Group Chairman Natarajan Chandrasekaran will be joined by UK government ministers at a groundbreaking event scheduled for later on Monday. Chandrasekaran will be flanked by Tata Steel Chief Executive Officer and Managing Director T V Narendran, and Tata Steel UK Chief Executive Officer Rajesh Nair, as they officially break the ground with spades, launching the construction of the UK's largest low-carbon steelmaking facility and marking a shift away from traditional blast furnaces. Government support and job impact The development is part of a £1.25-billion transformation towards low-carbon steelmaking, supported by a £500-million investment from the UK government. The transition secures 5,000 jobs across Tata Steel UK, even as the closure of heavy-end assets is expected to impact 2,500 positions. Leadership emphasises sustainability and partnership In a statement ahead of the ceremony, Chandrasekaran said: 'This is an important day for Tata Group, Tata Steel and for the UK. Today's groundbreaking marks not just the beginning of a new electric arc furnace, but a new era for sustainable manufacturing in Britain.' 'At Port Talbot, we are building the foundations of a cleaner, greener future, supporting jobs, driving innovation, and demonstrating our commitment to responsible industry leadership. This project is also part of Tata Group's wider investment in the UK, across steel, automotive, and technology among others, which reflects our deep and enduring partnership with this country,' he added. UK government hails strategic shift in steelmaking Business Secretary Jonathan Reynolds said, 'This is our Industrial Strategy in action and is great news for Welsh steelmaking, backing this crucial Welsh industry, which will give certainty to local communities and thousands of local jobs for years to come.' 'This government is committed to a bright future for our steel industry, which is why we provided £500 million of funding to make this project possible,' he added. Secretary of State for Wales Jo Stevens said: 'The UK government acted decisively to ensure that steelmaking in Port Talbot will continue for generations to come, backing Tata Steel with £500 million to secure its future in the town, along with £80 million to support workers and the wider community.' 'Our Steel Strategy will also deliver £2.5 billion of investment to rebuild the UK industry, maintain jobs and drive growth,' Stevens added. First Minister Eluned Morgan said: 'The start of the construction phase is good news for Port Talbot and neighbouring communities, and I'm especially pleased that Tata has committed to employing local contractors and local workers where it can.' Mixed reactions as union calls day 'bittersweet' Steelworkers' union Community described the development as a 'bittersweet' day. In a statement, Community Assistant General Secretary Alasdair McDiarmid said: 'This bittersweet day is a consequence of the devastating closure of the blast furnaces, but importantly, a future for Port Talbot steelmaking is being secured. The workforce needs the electric arc furnace project to be both a success and a turning point, and we look forward to playing our part to get the new furnace up and running.' Broader decarbonisation strategy and supply chain As part of Tata Steel UK's broader decarbonisation strategy, the project will also include new ladle metallurgy facilities, infrastructure upgrades, and collaborations with technology providers such as Tenova, ABB, and Clecim. The construction is being led by main contractor Robert McAlpine, supported by a strong regional supply chain that includes Darlow Lloyd & Sons, Mii, Skelton Thomas, Wernick Buildings, Andrew Scott Ltd, and Systems Group, the company said.
Time of India
14-07-2025
- Business
- Time of India
Tata Steel begins construction of £1.25 billion Electric Arc Furnace in UK, aims to cut 5 million tonnes CO₂ annually
New Delhi: Tata Steel UK commenced construction of a £1.25 billion Electric Arc Furnace (EAF) at its Port Talbot site, with an aim to reduce carbon emissions by approximately 90 per cent or 5 million tonnes per year. The green steel project is supported by a £500 million investment from the UK government and is expected to be commissioned by the end of 2027. The groundbreaking ceremony was attended by Tata Group Chairman Natarajan Chandrasekaran, Tata Steel CEO and MD T.V. Narendran, and Tata Steel UK CEO Rajesh Nair, along with UK government ministers. 3 million tonnes of annual production capacity Once operational, the new EAF will melt UK-sourced scrap steel to produce up to 3 million tonnes of steel per year. It will be one of the largest electric arc furnaces globally. The project also includes new ladle metallurgy facilities and infrastructure upgrades, with partnerships from technology providers including Tenova, ABB and Clecim. Sir Robert McAlpine has been appointed as the main contractor, supported by a regional supply chain including Darlow Lloyd & Sons, Mii, Skelton Thomas, Wernick Buildings, Andrew Scott Ltd and Systems Group. 'A new era for sustainable manufacturing' 'This is an important day for Tata Group, Tata Steel and for the UK. Today's groundbreaking marks not just the beginning of a new Electric Arc Furnace, but a new era for sustainable manufacturing in Britain,' Tata Group Chairman Natarajan Chandrasekaran said. 'At Port Talbot, we are building the foundations of a cleaner, greener future, supporting jobs, driving innovation, and demonstrating our commitment to responsible industry leadership.' Government reiterates support for steel sector UK Business Secretary Jonathan Reynolds said the project was part of the government's Industrial Strategy and reaffirmed support for the domestic steel industry. 'This government is committed to a bright future for our steel industry, which is why we provided £500 million of funding to make this project possible,' he said. Secretary of State for Wales Jo Stevens said, 'The UK Government acted decisively to ensure that steelmaking in Port Talbot will continue for generations to come, backing Tata Steel with £500 million to secure its future in the town, along with £80 million to support workers and the wider community.' Welsh First Minister Eluned Morgan added, 'Seeing spades in the ground today provides a tangible sign of Tata's intention to continue producing steel in the area.' The UK Government has also announced a £2.5 billion investment under its Steel Strategy to support the domestic industry, maintain employment, and drive industrial growth. The groundbreaking at Port Talbot marks a key milestone in Tata Steel UK's decarbonisation strategy and long-term commitment to sustainable steel production.>
