Tata Steel investment positive for UK ops, but stock has not moved much

Tata Steel UK is reformatting its operations in Port Talbot by investing £1.25 billion in an electric arc furnace facility with the UK government contributing £500 million.

The project will take around three years to complete, if all the regulatory clearances come through.

The facility will use scrap and be classified as green since it will utilise renewable power and cut carbon emissions considerably.

The company will also have to consult unions and other stakeholders during this process and that could take up to two months. 

Despite the upfront investment, which will come from internal accruals, the project should eventually