Tata Steel is understood to be working on a plan to extend the furnace’s life of Port Talbot steelworks in Wales until about 2026. Photo: BloombergLondon: Tata Steel is seeking UK government backing for a £60 million project at its Port Talbot steelworks in Wales, according to a media report on Sunday. The project is aimed at overhauling a production line at Port Talbot to be able to make lighter steel for car-making, which is expected to secure the future of Britain’s largest steel operation. Tata Steel is understood to be working on a plan to extend the furnace’s life until about 2026. In September 2017, UK business secretary Greg Clark wrote to Natarajan Chandrasekaran, chairman of Tata Sons, asking for a “specific commitment” to the relining.

Source: Mint February 25, 2018 12:45 UTC