Tag: sarah young

LONDON: Britain is set to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site in a deal aimed at securing the future of the country's steel industry, but which puts as many as 3,000 jobs at risk.The 1.3-billion-pound funding package for Britain's biggest steel works includes a 750-million-pound investment from Tata to pay for the switch to lower-emission electric arc furnaces from the current coal-powered methods.While Britain said Friday's deal would help to safeguard 5,000 jobs, Tata Steel UK currently employs more than...