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As the HCT780T steel largest steel manufacturer in the UK, Tata Steel UK announced on the evening of July 4th the closure of its 5th blast furnace at its factory in Port Talbot, in order to reduce daily losses exceeding £ 1 million ($1.28 million).
The statement mentioned that the safety isolation and employee layoffs of the No. 5 blast furnace and related factories were initiated after the last iron production on July 4th. At the same time, customer supply will be guaranteed, and downstream rolling mills and processing plants will use raw materials provided by other steel mills and major suppliers of Tata Steel.
On June 28th, Tata Steel HCT780T steel stated that if the strike by the union continues, the company will be forced to suspend or stop heavy terminal facilities at Talbot Port earlier than planned, including two blast furnaces. However, due to the union's agreement to suspend the strike on July 1st, the company maintained its original plan to continue operating blast furnace No. 4 until the end of September. Tata Steel had previously shut down the Morfa coke oven in March and planned to close the remaining No. 4 blast furnace and other iron and steel production facilities by the end of September. Tata Steel plans to transform this steel plant into an electric furnace plant and is expected to be put into operation in 2027.
As of the fiscal year ending March 31, Tata Steel UK produced 2.99 million tons of molten iron, a year-on-year decrease of 1%, while the delivery volume was 2.8 million tons, a year-on-year decrease of 5.1%. The UK steel industry produces 5.6 million tons of crude steel annually, accounting for approximately 70% of the country's annual HCT780T steel demand of 7.6 million tons.
