03 September 2023
Corporate News

Tata Steel statement regarding recent press speculation

Port Talbot steelworks

Tata Steel has issued the following statement in response to the latest press speculation regarding the potential future decarbonisation of the UK business:

A Tata Steel spokesperson said: “Tata Steel is continuing to discuss with the UK government a framework for continuity and decarbonisation of Steel making in the UK amidst very challenging underlying business conditions given that several of its heavy end assets are approaching end of life.

"Given the financially constrained position of our UK business, any significant change is only possible with government investment and support, as also seen in other steel making countries in Europe where governments are actively supporting companies in de-carbonisation initiatives."

 

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