8,957.46 TRY BIST 100 BIST 100
4.83 CNY CNY CNY
34.25 USD USD USD
37.07 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.46 TRY Interest Interest
71.67 USD Fossil Oil Fossil Oil
34.11 USD Silver Silver
34.11 USD Copper Copper
102.74 USD Iron Ore Iron Ore
383.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,066.14 TRY Gold (gr) Gold (gr)

Tata Steel to build 3 million tons electric arc furnace in Port Talbot

Italy-based Tenova is taking an important step towards sustainability goals in the UK steel industry. Tenova announced that it will supply an electric arc furnace (EAF) with an annual capacity of 3 million tons to Tata Steel's Port Talbot plant.

Tata Steel to build 3 million tons electric arc furnace in Port Talbot

The EAF will replace the Port Talbot plant's old blast furnaces and will utilize scrap from the UK. The 2-2.5 million tons of scrap to be processed annually is reportedly expected to decrease the country's dependence on imported iron ore and contribute to a more sustainable supply chain. This development is seen as a major advance not only in economic terms but also in terms of environmental sustainability.

Scheduled to be commissioned by the end of 2027, the new EAF aims to reduce carbon emissions from Tata Steel's steel production by 90%, avoiding 5 million tons of CO₂ emissions annually. This will not only improve the company's environmental performance, but also make a significant contribution to the UK's climate targets.

As part of the project, the ladle furnaces will also be supplied by Tenova and this equipment will be used to produce more complex steel grades. In addition, various equipment investments will be made to extend the life of the Port Talbot plant's hot strip rolling mill and casting machines. These investments include a new pickling line and cranes, while additional orders are planned for construction management and engineering services.

Tata Steel has completed the planning application process in public consultation, recognizing the importance of community engagement in this transformation process. The company plans to submit its application to the authorities in November 2024, with large-scale construction expected to begin in July 2025.

This strategic move is strengthened by the support of the UK government. Tata Steel will invest a total of £1.25 billion, with funding of up to £500 million from the government. These investments will modernize production at the Port Talbot plant and are seen as a major milestone towards achieving environmental targets in the steel industry.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Taiwan's leading steel manufacturers raise prices for November

Wednesday, October 30, 2024

Volkswagen considers shutdown of three plants in Germany

Wednesday, October 30, 2024

Global developments in the steel industry in 2024 and Türkiye's situation

Wednesday, October 30, 2024

Malaysia continues AD investigations into Chinese imports

Wednesday, October 30, 2024

New production record from Kardemir

Wednesday, October 30, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now