Tata Steel’s UK losses hit £1.1bn on cost of closing Port Talbot blast furnaces

Losses quadruple from a year earlier after decision to end primary steelmaking in south Wales with loss of 2,500 jobs

Losses at Tata Steel's UK operations ballooned to 1.12bn due to the cost of closing Port Talbot's two blast furnaces.

Accounts for the Indian-owned company show that pre-tax losses quadrupled from 279m to 1.12bn in the year to the end of March due to restructuring costs associated with the closure of its blast furnaces and coke ovens at the site in south Wales.