CRU: Tata Steel to shut down British BFs

India-based Tata Steel is set to close down the two blast furnaces at its loss-making Port Talbot works in South Wales, UK, during a four-year switch to EAF-based steelmaking. Under the proposals, 2,800 jobs are at risk.

Tata Steel states that the plan is designed to turn around the profitability of the loss-making plant and move to a sustainable business producing green steel. Tata Steel estimates the plan, when enacted, would reduce Tata Steel UK’s CO2 emissions by 5 million metric tons (mt) per year and overall UK country emissions by about 1.5%.