Tata Steel UK to develop scrap-intensive EAF complex, supported by massive gov't investment

Tata Steel UK has secured a £500-million ($623-million) government loan for a major transition to replace its blast furnaces (BFs) with scrap-intensive electric-arc furnaces (EAFs) at its Port Talbot site in Wales, Fastmarkets learned on Friday September 15.

It would be the “largest investment in the UK steel industry in decades,” the company said. “Tata Steel UK has been facing significant challenges due to the heavy-end facilities approaching their...


Julia Bolotova

September 15, 2023

18:03 GMT