"We are struggling in this market" says Tata boss

At the launch of Tata Steel's £240 million furnace project at its Port Talbot steelworks, the factory's managing director Jon Ferriman said the demand for steel was 'far less than five years ago'.

"Consumers are really not buying, therefore we are struggling in that market," said Mr Ferriman.

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Tata unveils £240m project

Tata Steel will start work today on a £240 million project to improve the steel works at Port Talbot, including a re-fit of a blast furnace.