Tata Steel Europe, a part of India-based steelmaker Tata Steel, has announced that it is investing a further £4.5 million in its South Yorkshire, UK operations to improve plant reliability and energy efficiency, reduce CO2 emissions and boost production of high-value steel products.
According to the Tata Steel Europe statement, the investment will be made in four separate projects at the Rotherham and Stocksbridge sites. An investment of £1 million in Thrybergh Bar Mill will improve product quality, without, however, increasing overall production at the mill. The £2 million investment in Rotherham for new equipment will reduce electricity usage by more than 9,000 MWh every year.
With more than £0.5 million to be invested in the Rotherham site's small bloom caster, the reliability of the caster will improve and breakdowns will be minimized. A £1 million investment in Stocksbridge is to improve energy efficiency, leading to a reduction in gas consumption. This will also result in reducing CO2 emissions by 2,000 metric tons and saving the company £250,000 a year.