Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Tata Steel has awarded a £1.25 billion contract to South Wales-based Systems Group to refurbish the continuous casters at its Port Talbot steelworks. This marks a major step in the company’s transition to low-carbon steel production.
The upgrade focuses on extending the life of the plant’s two casters, which convert molten steel into solid slabs. These improvements are essential for integrating a new electric arc furnace (EAF) scheduled to come online by the end of 2027.
Once operational, the EAF is expected to cut carbon emissions at the site by approximately 90%, equivalent to 5 million tonnes of CO₂ annually.
Systems Group will oversee structural enhancements and replacement of critical piping. The contract also includes plans for additional upgrades to electrical, mechanical, and control systems in future phases.
Tata Steel’s Head of Engineering, Ian Ellis, said the refurbishment avoids a costly rebuild while ensuring the plant is ready for modern, sustainable steelmaking. Systems Group Managing Director Ryan O’Neill highlighted the project’s potential to boost local employment and advance green industry goals.
This investment is part of Tata Steel’s broader £1.25 billion transformation of its UK operations, supported by £500 million in UK government funding.
By modernizing its infrastructure and adopting greener technologies, Tata Steel is positioning Port Talbot at the forefront of the UK’s sustainable industrial future.
Also Read : Global Steel Market Faces Downturn Amid Rising Protectionism PM launches infra projects worth ₹17,300 cr in Thoothukudi
India's path to becoming a global steel production hub is outlined in its ambitious targets of reach...
Ferrous 25-Jul-2024
The iron ore and fines prices have been reduced by ₹200 and ₹250 per tonne, respectively, by the sta...
Ferrous 21-Mar-2024
According to a senior government official, Goods and Services Tax (GST) co-insurance and re-insuranc...
Taxation 12-Feb-2024
Prime Minister Narendra Modi is set to unveil 14,000 projects in Uttar Pradesh, including large-scal...
Announcement 19-Feb-2024
AM/NS India has announced the expansion of its colour-coated steel production with the launch of its...
Raw Material 20-Aug-2024
A parliamentary panel has suggested that the Indian government should seek a three-year deferment on...
Taxation 08-Feb-2024