MoneyWorks4Me

Tata steel’s UK arm gets nod for Electric Arc Furnace project in Port Talbot

19 Feb 2025 Evaluate

Tata Steel’s subsidiary -- Tata Steel UK has received approval form Neath Port Talbot Council’s planning committee for proposals to deliver state-of-the-art Electric Arc Furnace steelmaking in Port Talbot. The planning application sought permission to construct an Electric Arc Furnace, two new Ladle Metallurgy Furnaces for secondary steelmaking, and supporting infrastructure. An Electric Arc Furnace uses electricity to melt predominantly scrap steel - of which there is an abundance in the UK - rather than requiring imported iron ore and coal.

Supported by 500 million pound of UK Government funding, the investment will preserve 5,000 Tata Steel UK jobs and cut on-site CO2 emissions by 90% compared to previous blast furnace-based steelmaking - equivalent to 1.5% of the UK’s total direct CO2 emissions.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.


Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
View more..