Tata Steel's Electric Arc Furnace Project in Limbo

Tata Steel bosses have raised concerns about the impact the UK’s General Election on July 4 could have on its £1.25bn plans at its Port Talbot site. The company said it is “apprehensive” following media reports on Monday, June 10, regarding the closure of the heavy end assets and restructuring program, which was outlined earlier this year. Yesterday, Labour reiterated calls for Tata Steel to wait for the party to come into government before shutting off blast furnaces which will cost thousands of jobs in south Wales. Tata…