The company will increase imports of coke to offset the impact of the closures, it said in a statement on Monday. Tata Steel had previously said many of its heavy-end assets in Port Talbot are at their end-of-life capability.
The company is at an advanced stage of consultations with trade unions in the UK on its proposal for the planned restructuring involving closure of the iron and steelmaking assets at Port Talbot. The firm is transitioning to sustainable low-carbon-dioxide steelmaking involving a £1.25-billion investment in electric arc furnace (EAF) technology in Port Talbot, apart from asset upgrades.
This story is from the March 19, 2024 edition of Financial Express Mumbai.
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This story is from the March 19, 2024 edition of Financial Express Mumbai.
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