3 resultsfor “government support for Tata Steel electric furnace”
government subsidies to [upgrade its technology to electric arc furnaces](https://www.theguardian.com/business/2025/nov/16/peter-kyle-backs-electric-arc-furnaces-british-steel-scunthorpe) to produce lower-emissions steel. If Sev.en were to succeed in a bid for British Steel and SSUK, it would potentially overtake
Tata Steel site at Port Talbot on Friday, the Guardian understands. The company announced [about 2,500 job cuts](https://www.theguardian.com/business/2024/sep/11/blow-for-british-steel-industry-as-2500-jobs-go-at-port-talbot) in 2024 when it decided to switch from coal-fired blast furnaces
Tata sold the works – by then heavily loss-making – to Greybull Capital, a private equity group, for only £1. Greybull revived the British Steel brand, but then walked away in 2019, before the Conservative government