Tata Steel to shut down loss-making UK furnaces

Cast House operator Martin Rees changes the nozzle on a clay gun in Blast Furnace number four at the Tata Steel Port Talbot integrated iron and steel works in south Wales on 15 August, 2023. (Photo by Geoff Caddick / AFP)

London: Tata Steel Ltd plans to shut down two loss-making blast furnaces at its steelworks in Port Talbot, after last year securing government financing to convert the historic site in Wales into a production hub for recycled steel.

The steelmaker said last Friday, the decision will affect up to 2,800 workers, and is designed to reverse more than a decade of losses at the plant.