Tata Steel has announced the closure of a manufacturing plant in southern Welsh city of Newport, said a report.

Henrik Adam, CEO of Tata Steel's European operations, said that continuing to fund substantial losses at Orb Electrical Steels is not sustainable at a time when the European steel industry is facing considerable challenges, said an ANI report.

Tata Steel has clinched the sale of a Canadian and Swedish plant as part of its worldwide Cogent Electrical Steels division. But despite exploring all options, the company has been unable to find a way forward for the Orb Electrical Steels plant, added the ANI report.

Up to 380 jobs could go although Tata hopes to offer jobs elsewhere in Wales, said a BBC report.

The factory, which makes electrical steel used in power transmission, was put up for sale in May 2018, with Tata wanting to concentrate on its core steel business.

Adam was quoted as saying that the company saw no prospects of returning the Orb business to profitability in the coming years.