Tata Steel ceases operations at Port Talbot in UK

Tata Steel has stopped steel production at Port Talbot in the UK, closing the blast furnace and related plants. The company plans to invest £1.25 billion in an electric arc furnace, with government support. This transition will resume production by 2027-2028, ensuring a greener future and sustaining over 5,000 jobs while cutting 2,800 positions.