Tata Steel to Shut Down Loss-Making Blast Furnaces in the UK

  • Company last year agreed a funding deal for green steelmaking
  • Port Talbot closures will impact up to 2,800 workers: Tata
Tata Steel’s site in Port Talbot, Wales.Photographer: Chris Ratcliffe/Bloomberg
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Tata Steel Ltd. plans to shut down two loss-making blast furnaces at its steelworks in Port Talbot, after last year securing government financing to convert the historic site in Wales into a production hub for recycled steel.