UK to become only G20 member without steel production ...News

Russia Today - Economy
UK to become only G20 member without steel production
source : Russia Today ( News ) () 46
Thousands of jobs will be axed at the country’s biggest steelworks as part of a major green restructuring Steel producer Tata Steel plans to close blast furnaces at its Port Talbot plant in South Wales and lay off nearly 3,000 workers, according to media reports. The move, which is part of a major restructuring of the company’s UK operations, will reportedly leave the UK as the only G20 economy unable to make steel from scratch. The planned move, which was first reported by the Financial Times this week, is part of Indian-owned Tata Steel’s four-year transition to a greener form of steelmaking at the company’s UK

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