The UK government is poised to announce a £500 million ($654 million) support package for Tata Steel’s Port Talbot plant, aimed at transitioning to greener electric arc furnaces while facing substantial job losses. Business Secretary Jonathan Reynolds is set to detail the plan, which has been a point of negotiation with the new Labour administration, amid expectations of up to 2,800 job cuts as the company closes its last blast furnaces. Tata Steel has indicated that it can no longer sustain the current operations, which are reportedly losing £1 million a day. In addition, Neath Port Talbot Council has begun releasing initial funds from a larger £100 million transition board to assist affected workers and businesses. This situation reflects broader challenges in the British steel industry, with fears of significant economic fallout as similar cuts loom at other plants. The transition is part of Tata's strategy to shift towards environmentally friendly production methods but raises concerns over job security and the local economy.