Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Tata Steel is planning to revamp its Corby steel tube-making facility in the East Midlands region of the UK to drive future business strength.


Substantial construction work has begun at the site, which involves the production of tube goods made from steel produced at the company’s Port Talbot works in Wales.


Work is in progress for the past two weeks so the facility will be set up for a racked warehouse system. The company will launch a 14-week plan for preparing the grounds to support 18,000mt of finished steel tube after the groundbreaking ceremony.


Manufacturing activities on the site will align as part of the £25mn ($34.5mn) program, at present, partly financed by the sale of land opened by the modifications along with operational improvements that led to cost savings.


Tata noted in a press release on Thursday that steel will continue to be a major part of the plan to decarbonize in the UK. The company plans to produce and supply needed products in the UK, which will help in the move to net-zero carbon. 


The two-year investment project includes building a single high-tech warehouse, relocation with upgrades to the vital rectangular hollow section processing line, and the cold mill where most of Corby’s key production is done. The new system will also enable the tube operation to rotate supply more efficiently and cut supply loss. 


Headquartered in Mumbai, the Tata Steel Group holds a crude steel capacity of 34mn mt per year and is a major steel producer in Europe with operations in the UK and Netherlands.


($1 = £0.73)

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