Port Talbot blast furnace closures to impact UK supply chain
The decision to cut up to 3,000 jobs at Tata Steel’s UK operations as part of major restructuring will have far-reaching consequences across the country’s supply chain and underlines the challenges of reconciling economic needs with decarbonisation policies.
Today’s announcement follows a joint agreement to invest in electric arc furnace steelmaking, replacing two coal-fire blast furnaces, which was signed by Tata Steel and the UK Government last September.
The £1.25bn capital cost includes a UK Government grant of up to £500m, subject to relevant regulatory approvals, information and consultation processes. The deal was hailed as a major development in UK industrial decarbonisation, potentially reducing direct emissions by 50 million tonnes over a decade.
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