The sale of Teesside Cast Products (TCP) to Sahaviriya Steel Industries UK Ltd and Redcar Bulk Terminal Ltd was completed on Friday.

The transfer of ownership took place at 6pm GMT while a formal handover ceremony at TCP took place on Saturday, which was attended by members of the Teesside community, local MPs and councillors, the media and other key stakeholders, including employees of all three companies that will continue to operate on the site (Tata Steel, SSI and the Tata Steel/SSI joint venture, Redcar Bulk Terminal Ltd).