BBC News
The UK business of India's Tata Steel employs about 8,000 people, with half at the Port Talbot steelworks in Wales. These tests found the outlook for the UK business would be "adversely impacted", but it added it was continuing to "implement various measures aimed at improving its business performance and conserving cash".
A decision on support is needed soon, as the life of Tata's blast furnaces are coming to an end and electric arc furnaces take between four and five years to build.Last month, Tata Steel UK told the Welsh Parliament that it wanted a "level playing field" with its European rivals to help it switch away from coal.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tata Steel warns future of its UK business in doubt\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Source: FT - 🏆 113. / 51 Read more »