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Tata Steel UK
Tata Steel has awarded a major contract to Welsh engineering firm Systems Group for the first phase of the refurbishment of its two continuous casters in Port Talbot, South Wales in the UK, a statement said on Tuesday. Systems Group, based in Maesteg, will carry out critical structural work and pipework replacement on Port Talbot's two continuous casters an essential part of the steelmaking process, turning liquid steel from the Electric Arc Furnace into solid steel slabs. The scheme is a key part of Tata Steel UK's GBP 1.25 billion transition to greener steelmaking. The life-extension of the continuous casters will support the journey to sustainable low CO2 steelmaking as the business prepares for the commissioning of a new electric arc furnace (EAF) by the end of 2027. Once operational, the EAF is expected to reduce Port Talbot's carbon emissions by approximately 90 per cent, equivalent to 5 million tonnes of CO2 per year. Ryan O'Neill, Managing Director at Systems Group, said:
Homegrown Tata Steel is expecting to start the construction of its low-carbon EAF-based steel making project in the UK from July 2025 and commence operations by 2027, top company officials said. The company has received necessary approvals for its USD 1.5 billion project at Port Talbot, Tata Steel CEO & MD T V Narendran, and ED & CFO Koushik Chatterjee said in the company's annual report for FY2024-25. "We are now transitioning to decarbonised and state-of-the-art EAF-based steelmaking by FY2027-28, supported by 500 million pounds in the UK Government funding," the management said. They said that planning approval has been received for the EAF (electric arc furnace) project at Port Talbot and the construction is expected to commence in July 2025. The operations in the UK have been shut and the company is servicing its customers from its India and Netherlands operations. "We have exited from steelmaking through the end-of-life heavy end assets in Port Talbot, and moved to a ...
Tata Steel has earmarked a capital expenditure of Rs 15,000 crore for its operations in India, the UK and the Netherlands in the current financial year, senior company officials said on Tuesday. Of the total, around 80 per cent will be spent on ongoing projects in India, the company's CEO & MD T V Narendran and Executive Director and Chief Financial Officer Koushik Chatterjee told PTI. "For FY26, we are looking to have a capex of Rs 15,000 crore,' Narendran said. Sharing the break-up, Chatterjee said that while Rs 11,000 crore is planned for domestic operations, around Rs 1,900 crore is planned for the UK, and the remaining is in the Netherlands. Tata Steel's capital expenditure was Rs 3,220 crore in the fourth quarter and Rs 15,671 crore in the full FY2024-25. Tata Steel is ramping up a 5 MTPA blast furnace at Kalinganagar and constructing an electric arc furnace (EAF) in Ludhiana. In the UK, the company has received planning permission for the EAF project at Port Talbot and wil
Tata Steel has appointed three South Wales contractors to deliver key parts of its 1.25 billion pound cutting-edge green steel-making investment at Port Talbot. Over 300 skilled jobs in the local supply chain will be part of new contracts signed with Bridgend-based companies Darlow Lloyd and Sons, Wernick Buildings, and Swansea-based business, Andrew Scott Ltd. Darlow Lloyd and Sons will play a key role in the initial phases of the project, overseeing excavation, recycling, infrastructure, and drainage works essential to the site's transition to Electric Arc Furnace (EAF) steel-making. We are delighted to announce this partnership which will boost employment across Neath Port Talbot and lay the foundation for future growth across the manufacturing sector," Director Rhys Lloyd said. This collaboration safeguards our experienced workforce and allows us to appoint local experts with transferable skillsets to this once-in-a-lifetime project. Critical infrastructure, including the ...
The industry is waiting for an action from the government to check steel imports, which are affecting the domestic players, Tata Steel CEO T V Narendran said on Friday. He also warned future investments in the steel sector getting impacted due to present situation of surging imports. The steel industry has been one of the biggest private sector investors over the last few years. All players in the industry have announced big expansion plans. One round of expansion is getting completed, he told PTI on the sidelines of 69th Foundation Day of All India Management Association (AIMA) in the national capital. A lot of steel which can't find other markets end up in India and depress prices here to levels at which the steel company struggle to have healthy cash flows, Narendran, who is also the Senior Vice President of AIMA, said. At some point in time, future investments can't get impacted, he said. The comments assume significance as India aims to take its overall installed steel ...
Tata Steel said it has signed a contract with an Italy-headquartered metals technology multinational to deliver a state-of-the-art electric arc furnace (EAF) as part of its green steelmaking drive in the UK. The Indian steel major's pact last week with Tenova for its Port Talbot site in Wales, the UK's largest steelworks, has been described as a significant milestone on the road to reducing carbon emissions by 90 per cent a year once it is commissioned from the end of 2027. Under the agreement, Tenova is to supply an EAF with an annual capacity of 3 million tonnes of steel similar to the output of the site's blast furnaces decommissioned recently by melting scrap steel sourced from the UK. "This partnership follows in the footsteps of an improved deal between the government and Tata Steel, and is further proof of our commitment to a bright future for UK steelmaking," said UK Business and Trade Secretary Jonathan Reynolds. "Technology like the furnaces made by Tenova is critical t