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Tata Steel to reline BF 5 at Port Talbot - Report

Steel News - Published on Tue, 13 Feb 2018

Image Source: SteelGuru
The Reuters reported that Tata Steel will finance the repair of a blast furnace at Britain’s largest steelworks in Port Talbot, Wales, extending its life by seven years and soothing concerns about its commitment to Europe’s steel sector. Fully relining a blast furnace typically costs over GBP 150 million and gives the furnace an additional 20 years of life approximately, while the repairs Tata is looking at will cost about half of that

Tata Steel is looking to extend the life of one of its two Port Talbot blast furnaces and a new vision at the firm’s Indian parent following a top level management change last year

Under the terms of a deal Tata signed with British unions in late 2016, the company committed to no forced redundancies at Port Talbot and to keeping a two blast furnace operations at the plant until 2021.

Given that the blast furnace Tata is looking to repair - blast furnace five - was due to end its life in 2018-19, the company was obliged to do something to extend its life by another two years.

Tata is, however, going beyond that with more costly, long-term repairs. It is also investing more than the 100 million pounds a year it committed to spend on its UK assets over the next decade under its deal with unions.

Source :

Posted By : Sanju Moirangthem on Tue, 13 Feb 2018
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