Tata Steel Q2 results preview: Falling realisations, rising costs may ...
21 hours ago · According to Axis Securities, Tata Steel’s Q2 sales volume has risen, with Tata Steel India’s sales volume at 5.1 million tonnes, marking a 6% YoY increase and a 3% sequential gain. However, lower steel price realizations are expected to weigh on the company’s consolidated revenue, which may decline by 5% YoY and 3% QoQ.
Tata Steel: New electric arc furnace gets go ahead in Port Talbot
Oct 18, 2024 · Tata Steel has signed a contract to bring the latest green steelmaking technology to south Wales, less than a month after closing both its blast furnaces. Metals and mining solution company,...
Tata Steel: UK's biggest steelworks shuts down final furnace ... - Sky News
Sep 30, 2024 · Tata Steel is replacing the furnace with a greener electric arc furnace which will use UK-sourced scrap steel, but that will not be operational until 2028. The transition will cost £1.25bn, £500m of which is being paid by the British government and will lead to nearly 3,000 job losses, almost 75% of the workforce. Pic: iStock.
Tata Steel says it has made 'most favourable' offer to workers
May 8, 2024 · Tata Steel told workers it is offering them its best-ever redundancy deal, after talks with unions collapsed. In a message to staff, seen by BBC Wales, chief executive Rajesh Nair said the...
Ministers set to agree £500m Tata Steel subsidy - BBC
Sep 9, 2024 · Ministers are preparing to announce that an agreement has been reached to give Tata Steel a grant of £500m towards the cost of its electric arc furnace. Union sources say the agreement comes...
Tata Steel: £80m pot for workers was left 'unfunded' - minister
1 day ago · The UK government is spending £80m to help Tata steelworkers affected by lay offs. An £80m transition fund to help the 2,800 Tata steel workers made redundant was "unfunded" by the previous ...
Tata Steel: UK government confirms £500m subsidy - BBC
Sep 11, 2024 · The UK government says it has reached a "new and improved deal" with Tata Steel, confirming it will give a £500m grant to the company. The money will go towards the cost of building a greener...
Tata Steel and the UK Government jointly agree on a proposal for …
Sep 15, 2023 · Tata Steel and the UK government announce a joint agreement on a proposal to invest in state-of-the-art Electric Arc Furnace steelmaking at the Port Talbot site with a capital cost of £1.25 billion inclusive of a grant from the UK Government of up to £500 million, subject to relevant regulatory approvals, information, and consultation processes,...
Tata Steel announces next steps towards its ambitious …
Jan 19, 2024 · Tata Steel today announced it will commence statutory consultation as part of its plan to transform and restructure its UK business. This plan is intended to reverse more than a decade of losses and transition from the legacy blast furnaces to a …
Government closes in on £500m deal with Tata Steel to ... - Sky News
Sep 13, 2023 · The government and Tata Steel are on the brink of an agreement that will secure the future of the country’s biggest steelworks but pave the way for thousands of long-term job losses.