TATA STEEL UK

Fitch cut Tata Steel's outlook to negative citing UK operations uncertainty. A delayed 500 million pound grant may cause 2,800 job losses. Tata Steel's net debt is Rs 77,550 crore amid UK losses of 364 million pounds and business-restructuring costs...

Fitch revised Tata Steel’s outlook to negative due to UK uncertainties. Strong India growth and Dutch profits led to affirming the 'BBB-' rating and USD 1 billion notes. Tata Steel is transitioning to electric arc furnaces at Port Talbot under a Sep...

Tata, Britain's biggest steel producer, started closing one of its carbon-intensive blast furnaces on Thursday while the shutdown of its other one is slated for September, resulting in the loss of up to 2,800 jobs at Port Talbot in South Wales.

Tata Steel UK has halted its planned industrial action against a steelworkers' union, Unite, over its Port Talbot plant in Wales. The union had planned to strike from July 8, leading to Tata challenging the balloting process and bringing forward a p...

Tata Steel UK has threatened to close its two blast furnaces in Port Talbot in south Wales earlier than planned due to an upcoming strike, sparking concern among politicians before next week's general election. "The Unite campaign is... about securi...

Tata Steel plans to shut down its blast furnaces in the UK earlier than scheduled due to a potential indefinite strike by workers protesting against job losses. The company cites operational instability and unsustainable losses as reasons for the cl...

Around 1,500 Tata Steel workers at Port Talbot and Llanwern in Wales will launch an "all-out indefinite strike" starting July 8 in protest against Tata's plans to cut 2,800 jobs and shut down blast furnaces. This marks the first major strike action ...

Tata Steel expressed concerns about UK media reports indicating potential impact on the 1.25 billion pounds investment in Port Talbot plant due to policy differences between UK government and opposition. They had signed a joint agreement in Septembe...

Tata Steel's transition to low-emission electric arc furnace process at its UK operations will lead to the loss of around 2,500 jobs. The move, part of a decarbonization plan, aims to reduce production costs and cut CO2 emissions. Worker unions are ...

Unite the Union said on Thursday that its workers will begin "working to rule" as well as taking part in a continuous overtime ban from June 18 to "severely disrupt and delay" the company's operations and order book unless the company rows back on t...

So, this year is going to be a very crucial year, turnaround in Netherlands, last year was a loss, this year will be a profit at least at an EBITDA level and the UK second half we hope to move from a loss making facility to at least a balanced facil...

"We don't expect demand in UK to shrink beyond what it is. We will be at least $150 per tonne cheaper in the cost of production. This changes our cost position, and we will not start losing money in the UK every time steel prices drop," Narendran sa...

Tata Steel is aiming to accelerate efforts towards decarbonisation in Britain, despite trade unions voting against the company's plans to cut jobs. The company is closing two blast furnaces in Britain, causing up to 2,800 job losses at its Port Talb...

Additionally, Tata Steel announced that it will convert debt instruments valued at $565 million (Rs 4,661 crore) held in its Singapore subsidiary into equity shares. Both the capital infusion and the debt-to-equity conversion are planned to be compl...

The firm's consolidated revenue during the quarter fell around 7% on year to ₹58,678 crore, while its earnings before interest, tax, depreciation and amortisation (Ebitda) declined more than 8% at ₹6,631 crore. Operations in India, which are the com...

"This will help us replace our aging and carbon-intensive blast furnaces with a state-of-the-art electric arc furnace capable of producing our customers' most demanding steel products," said Rajesh Nair, chief executive of Tata Steel UK, in a websit...

Wales First Minister Vaughan Gething held a meeting with Tata Steel to discuss expected job losses at the company's Port Talbot plant in South Wales. The company plans to close two furnaces and replace them with electric furnaces as part of its gree...

Tata Steel plans to continue its £1.25 billion investment in a state-of-the-art Electric Arc Furnace for steel production in Port Talbot, in collaboration with the UK government. The company will also shut down its existing two Blast Furnaces by the...

While the company says its restructuring plans were important to sustain the business as it transforms to new electric technology, Unite the Union said its workers from the Port Talbot and Newport Llanwern plants had voted against the "disastrous" p...