1.20 (0.64%) Tata Steel will be investing over 14 million pounds in its Hot Strip Mill at Port Talbot in south Wales, which will help manufacture higher-value steels.
As part of the latest investment, a transfer bar cooling system has been installed which will increase the annual capacity of the site by around 5% and ensure steel can be quickly brought to the exact temperature required for the final product before it is rolled. This will also ensure steel can be quickly brought to the exact temperature required for the final product before it is rolled.
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.