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Liberty Steel and Big River Steel interested in Orb Steel Plant of Tata Steel UK

Steel News - Published on Thu, 12 Dec 2019

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BBC reported that 2 companies have expressed an interest in Tata's Orb steelworks in Newport. BBC Wales understands that Liberty Steel, which has a base in Newport, has been looking at taking over the plant and US company Big River Steel would like to use the site but only with another company operating it.

Tata is mothballing rather than closing the plant as it searches for a new buyer. Tata Steel announced plans to shut the plant in September putting up to 380 jobs at risk. But the workers at the site will be redeployed to other parts of the business, including Port Talbot. No compulsory redundancies are expected

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Posted By : Rabi Wangkhem on Thu, 12 Dec 2019
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