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Tata Steel UK inks contract for electric furnace in green steelmaking drive

Business Standard LogoBusiness Standard6d ago

Tata Steel UK inks contract for electric furnace in green steelmaking drive - Business Standard

Quick Summary:

The Indian steel major's pact last week with Tenova for its Port Talbot site in Wales, the UK's largest steelworks, has been described as a significant milestone on the road to reducing carbon emissions by 90 per cent a year once it is commissioned from the end of 2027.

Tata Steel said it has signed a contract with an Italy-headquartered metals technology multinational to deliver a state-of-the-art electric arc furnace (EAF) as part of its green steelmaking drive in the UK.

Under the agreement, Tenova is to supply an EAF with an annual capacity of 3 million tonnes of steel similar to the output of the site's blast furnaces decommissioned recently by melting scrap steel sourced from the UK.

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Category: BusinessFinance

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Article Type: News Report

Published On: 2024-10-21 @ 20:10:56 (6 days ago)

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News Source URL: business-standard.com

Language: English

Article Length: 636 words

Reading Time: 4 minutes read

Sentences: 14 lines

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Copyright Owner: © Business Standard

News ID: 23156802

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