Hints and tips:
Related Special Reports
...Tata’s national-level consultation with unions is expected to end next week, when the company could confirm it will close its two remaining blast furnaces as soon as September....
...The company announced in January a consultation on its proposals to invest £1.25bn to build a state of the art electric arc furnace, which Tata has said would secure steelmaking in the UK....
...Unite announced a ballot last month in response to the company’s decision in January to close its two remaining UK blast furnaces, which are both in Port Talbot, as it looks to refocus its operations on...
...The company last year delayed plans to reline its blast furnace, extending the life of that equipment....
...with a less carbon-intensive, electric arc furnace on the site....
...Under the plans, the company will invest £750mn towards the restructuring and building of a less carbon-intensive, electric arc furnace on the same site, backed by a £500mn government grant....
...The company has promised to keep open the blast furnaces until the new ones are running, which it said could be by late 2025....
...This will probably be the last time that Rockstroh, a three-decade veteran of the company, will oversee a full furnace refurbishment....
...That means that, even post-sale, BHP will be overwhelmingly exposed to “blast furnace” commodities....
...Tata Steel plans to replace the last two blast furnaces at Britain’s largest steelworks in Port Talbot with electric arc furnaces that melt down scrap to make steel....
...Their fear is that Nippon will close the ageing blast furnaces where most of them work. After years of closures, only five of these remain open....
...Without the two companies’ blast furnaces, the UK will be the only major economy unable to make steel from scratch....
...Celsa also has its own recycling business that provides material to its steelmaking activities although the company purchases additional scrap from external suppliers....
...This would involve closing Tata’s last two remaining blast furnaces, which are both at Port Talbot, and replacing them with an electric arc furnace, which is less labour-intensive....
...furnaces....
...That might add €200 to the cost of each metric tonne of steel produced in blast furnaces — almost 30 per cent of today’s price....
...The Indian company’s decision to shut down the two remaining blast furnaces at the plant came after it rejected union proposals for a more gradual transition to decarbonisation....
...Gozzi said 80 per cent of Italian steelworks had already shifted to electric furnaces....
...In The Showman, Simon Shuster estimates that, at the time of Ukraine’s 2013-14 pro-democracy Maidan revolution, Zelenskyy’s company relied on the Russian market for 85 per cent of its revenue....
...The company wants to close its two blast furnaces as quickly as possible to stem steep losses at the plant. Unions have threatened industrial action if the company goes ahead with the expected cuts....
...For instance, a steelworks typically relines a blast furnace every 20 years — a major capital expenditure....
...On the same site the company has invested in equipment to capture waste gases from one of its blast furnaces....
...The company wants to close its two remaining blast furnaces as quickly as possible and build a less carbon-intensive electric arc furnace....
...It also wants to use more gas as it moves from traditional blast furnaces to less carbon-intensive electric arc furnaces....
...The company, whose UK operations are losing more than £1mn a day, wants to close its two remaining blast furnaces and build a less carbon intensive electric arc furnace instead....
International Edition