Tata Steel to proceed with £1.25 bn investment in Port Talbot
Tata’s plan involves replacing the blast furnaces, which produce molten iron from iron ore, with electric arc furnaces
port talbot
April 2024
September 2023
Tata Steel rating upgraded to investment grade by Moody's
The credit rating agency also changed the company's outlook to 'stable' from 'positive'.
Tata Steel receives 500 mn pounds grant from U.K. for Port Talbot
The proposed project would involve Tata Steel’s balance sheet being restructured with potential elimination of the current cash losses in the UK operations
