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

REUTERS SHOWCASE

RBI Policy Review

RBI Policy Review

RBI keeps rates on hold, warns on inflation  Full Article 

Monsoon Season

Monsoon Season

India's 2014 monsoon ends with double-digit rain deficit .  Full Article 

Cleanliness Drive

Cleanliness Drive

Modi orders officials to clean loos on Gandhi's birthday.  Full Article 

Bid to Boost Trading

Bid to Boost Trading

RBI takes small steps to deepen markets.  Full Article 

Car Recall

Car Recall

Maruti Suzuki says to recall 69,555 cars.  Full Article 

China Factory Data

China Factory Data

China final HSBC PMI steady in September on stronger global demand but risks remain  Full Article 

Oil Demand

Oil Demand

India's thirst for oil grows even as China cuts back  Video 

EBay Divests PayPal

EBay Divests PayPal

EBay to spinoff PayPal in 2015  Full Article 

New 'Windows'

New 'Windows'

Microsoft names next operating system 'Windows 10'.  Full Article 

Reuters India Mobile

Reuters India Mobile

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