Tata Steel: Port Talbot
The question
To ask the Secretary of State for Business and Trade, whether he has made an assessment of the potential merits of bringing the assets Tata Steel in Port Talbot into public ownership.
Answered by Sarah Jones
Tata Steel decided to close the blast furnaces at Port Talbot in January 2024, under the previous government.
However, we negotiated an improved deal with Tata regarding the transformation of Port Talbot after just 10 weeks in office, with better terms for workers, future investment opportunities for the area and the highest voluntary redundancy package Tata has ever offered for workers. Work is proceeding on the development of the Electric Arc Furnace which will enable steelmaking to continue at the site and form a key part of our future steel sector.
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