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Tata Steel to begin low-carbon steel project in UK, aiming to cut emissions and costs.
Tata Steel plans to start construction on its low-carbon Electric Arc Furnace (EAF) steelmaking project in the UK in July 2025, with operations set to begin in 2027.
The $1.5 billion project at Port Talbot has received necessary approvals and £500 million in UK government funding.
The company aims to reduce fixed costs from £762 million in the current fiscal year to £540 million next year, transitioning to a low-emission EAF process using local scrap to decrease carbon emissions.
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Tata Steel comenzará un proyecto de acero de bajo carbono en el Reino Unido, con el objetivo de reducir las emisiones y los costos.