Tata Group chief warns of UK steel plant closures without subsidy

Under decarbonisation plans, Tata plans to close two blast furnaces at Port Talbot, stop primary steelmaking and instead build two electric arc furnaces

Tata Group chair, Natarajan Chandrasekaran, has warned that the company might be forced to shut down Tata Steel's plants in the UK without a British government subsidy deal worth around 1.5 billion pounds. Tata Steel owns the UK's largest steelworks at Port Talbot in South Wales and employs around 8,000 people across all its operations in the country.

Speaking to The Financial Times, the Tata Group chief said the Mumbai-headquartered company had been in talks with the government over its decarbonisation plans and a deal would have to be struck by next year to save the country's steelworks.

“A transition to a