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Title: UK offer to Tata Steel unit to decarbonise operations falls far short of its demand
Date:25 January 2023
The British government’s offer of around £300 million to Tata Steel’s UK business, to decarbonise its operations, falls far short of the steel major’s demand of £1.5-billion aid. The company is currently evaluating the British government’s support package plans and that it will take some time to arrive at a final decision on the proposed package. Tata Steel is the largest steelmaker in the UK, with primary steelmaking at Port Talbot in South Wales. Tata Steel UK (TSUK) has an annual crude steel capacity of 5 million tone (mt) and it employs more than 8,000 people. It supplies steel products to demanding markets, including construction and infrastructure, automotive, packaging and engineering.
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