Tata Steel restarts UK blast furnace

Tue Feb 12, 2013 10:06pm IST

Related Topics

Stocks

   

REUTERS - Tata Steel(TISC.NS) has restarted a blast furnace, one of its two at its Port Talbot site in Britain, after a six-month halt for an upgrade, subsidiary Tata Steel UK said on Tuesday.

The blast furnace was decommissioned in July before being rebuilt to incorporate new technology to improve energy, environmental and performance efficiency, it said.

"We have been able to take advantage of a period of low steel demand to carry out this major engineering project, and we are still operating today in an intensely challenging commercial environment," Karl Köhler, chief executive of Tata Steel UK, said in a statement.

"Restarting the furnace will help us improve our delivery performance ... but we will continue to manage our output at levels appropriate to market conditions."

Steel consumption in Europe fell by 9.7 percent last year and is expected to fall by 0.7 percent this year, before a 3.0 percent increase in 2014, European steel industry lobby Eurofer estimated.

In the past six months, when only one of the two blast furnaces was operating at Port Talbot, a site in Wales, Tata Steel UK had to bring in slab, a semi-finished steel product, from other locations to feed its strip mills.

With the restart of the second blast furnace, the facility is self sufficient, which will reduce costs a bit, a spokesman for the company said.

Tata Steel UK, with its main steel-making operations in the UK and the Netherlands, is the second-largest steel producer in Europe.

(Reporting by Silvia Antonioli; editing by Jane Baird)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Sino-Indian Ties

REUTERS SHOWCASE

Eyeing Stocks

Eyeing Stocks

Interview - EPFO chief urges green light to buy stocks  Full Article 

Stimulus Reports

Stimulus Reports

China cenbank injects $81 bln into major banks to support economy - reports  Full Article 

Ranbaxy Investigation

Ranbaxy Investigation

Ranbaxy says U.S. authorities seek information on pricing data.  Full Article 

Monsoon Update

Monsoon Update

Delayed retreat of monsoon rains to start this weekend  Full Article 

Financing Deal

Financing Deal

IndiGo agrees $2.6 billion aircraft finance deal with China's ICBC  Full Article 

Fed Policy Meeting

Fed Policy Meeting

Fed could hint on rate-hike plans as it prepares for policy turn  Full Article 

Grim Outlook

Grim Outlook

Sony deepens loss estimate on struggling smartphone business  Full Article 

Sugar Surplus

Sugar Surplus

India to produce surplus sugar for fifth straight year - industry body  Full Article 

Business Sentiment

Business Sentiment

China, Singapore slowdown weigh on Q3 Asia business sentiment   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage