Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Tata Steel shares came under pressure after reports indicated that its £1.25 billion low-carbon steel project in the UK may face a delay of six to eight months due to electricity access challenges. The stock slipped over 2% to around ₹202 on the BSE, reflecting investor concerns over the revised project timeline.
The project, planned at Port Talbot, is central to Tata Steel’s green steel transition and includes the development of a 3.2 million-tonne electric arc furnace. The company had earlier aimed to begin operations by late 2027 or early 2028, but delays in power connectivity may impact commissioning. Despite the setback, the project remains a major step toward cleaner steelmaking and reduced carbon emissions.
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