Tata Steel announced investments of approximately $39 million to help secure the future of steelmaking in South Wales, U.K. The company will replace a basic oxygen steelmaking (BOS) vessel weighing 500 metric tons at its Port Talbot site. The 11-meter-high BOS vessel is a steel cauldron used to convert iron into steel before it is further processed. Once installed, the new steelmaking vessel will be able to convert 330 metric tons of iron into steel in each cycle.

Tata Steel will also replace massive cranes in the plant and install enhanced dust-extraction hoods and energy-efficient drives to minimize emissions. The investment in Port Talbot was made to allow the development and production of high-performing steels for hybrid and electric cars. In addition, the company said it recently welcomed nearly 100 new apprentices and graduates into its business.