Tata Steel needs a decision on the fate of its UK operations within the next 12 to 24 months, according to CEO and MD T V Narendran. The assets will soon reach the end of their life and carbon footprints must be reduced. The company has requested a financial package from the UK government to replace two blast furnaces at Port Talbot, South Wales, where the UKs largest steelworks is located. Tata Steel is talking to the UK government in hopes of receiving the required package.