11,477.80 TRY BIST 100 BIST 100
5.76 CNY CNY CNY
47.72 EUR EUR EUR
41.02 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
39.65 TRY Interest Interest
68.46 USD Fossil Oil Fossil Oil
51.17 USD Silver Silver
4.54 USD Copper Copper
102.46 USD Iron Ore Iron Ore
335.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,449.41 TRY Gold (gr) Gold (gr)

Tata Steel UK and JCB signed green steel agreement

Tata Steel UK and JCB signed a Memorandum of Understanding for the supply of low-emission steel.

Tata Steel UK and JCB signed green steel agreement

Tata Steel announced that once its transformation plans are complete, it is to supply green steel to British construction equipment manufacturer JCB from Tata Steel's facilities in Port Talbot. JCB, which focuses on reducing carbon emissions in its manufacturing processes and machine designs, plans to use this environmentally friendly steel.

The project includes the construction of a new state-of-the-art electric arc furnace (EAF), one of the largest in the world, with a capacity of 3 million tons per year, offering a lower carbon alternative to the traditional blast furnace method. The EAF plans to convert UK-sourced scrap into new high-quality steel, eliminating the need to ship millions of tons of iron ore and coal worldwide. Tata Steel announced that the plant is expected to reduce CO emissions by up to 90% and the UK's overall carbon emissions by around 1.5%.

Anil Jhanji, Chief Commercial Officer of Tata Steel UK stated, “One of the key drivers in our transition plans is that our long-standing and loyal customers such as JCB need green steel to meet their own decarbonization ambitions. They want to be supplied by a trusted partner making quality steel within the UK.”

Wayne Asprey, Group Purchasing Director of JCB also emphasized, “Tata Steel is a long-term supply partner for JCB and this agreement marks an essential next step in our journey towards supply chain decarbonization. We are fully supportive of Tata Steel UK’s investment proposals and are pleased to be one of the first customers to endorse those plans by making this agreement to secure British-made green steel as soon as it is available.”

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

WV Stahl renews contract with Kerstin Maria Rippel for five years

Wednesday, August 27, 2025

USA approves anti-dumping duties on 10 countries, including Türkiye

Wednesday, August 27, 2025

Swiss Steel tests hydrogen-based decarbonization in steel production

Wednesday, August 27, 2025

SAIL continues supplying special-grade steel to Indian Navy

Wednesday, August 27, 2025

Rayanco is establishing Saudi Arabia's first EAF billet plant

Tuesday, August 26, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now