Tata Steel announces next steps towards its ambitious transformation from blast furnaces to green steelmaking in the UK and initiates statutory consultation
KJSS
India
23-01-2024
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Tata Steel has announced today that, as part of its plan to reorganise and develop its UK business, it will begin statutory consultation. With the help of this plan, the over ten years of losses will be reversed, and the old blast furnaces will give way to a more environmentally friendly, sustainable steel industry. In addition to preserving the nation's steelmaking self-sufficiency and preserving the majority of Tata Steel UK's current product capabilities, the transformation would also cut CO2 emissions at the company by 5 million tonnes annually and overall emissions in the UK by roughly 1.5%.