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07 Feb
18:54

UK competition authority positively appraises Tata EAF transformation

The UK Competition and Markets Authority’s Subsidy Advice Unit (SAU) says the government’s assessment shows a subsidy will change Tata Steel UK’s behaviour by investing into an EAF to achieve decarbonisation. Moreover, the decarbonisation policy objective would not be met by operating either one or both blast furnaces. The SAU published its report this week, involving third-party consultation, into the proposed £500 million ($633m) governme…
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