Over 3,000 jobs at risk in Wales as Tata Steel plans to shut down loss-making furnaces

The firm has done a £500 million deal with the British government to support a transition to making steel in electric arc furnaces

The Port Talbot plant in south Wales. Picture: Bloomberg

Tata Steel plans to shut down two loss-making blast furnaces in Port Talbot in Wales, after last year securing British government financing to convert the historic site into a production hub for recycled steel.

The steelmaker plans to make the announcement later on Friday, and expects the decision will lead to about 3,000 job losses across its UK operations, a person familiar with the matter said.

The widely expected move comes after it reached a ...