Stressed assets: Tata Steel open to more acquisitions
Tuesday, November 6, 2018, 7:17 AM
Tata Steel said that it was open to further acquisition of stressed assets considering the increased demand of steel in the market. There is a consolidation going on in the steel business at present following a down cycle of the sector in the wake of which a lot of steel facilities were either forced to close down or operate at a lower capacity.
Tata Steel to continue talks with EU for Thyssenkrupp JV
Wednesday, October 31, 2018, 2:52 PM
Tata Steel Ltd said it will continue its discussions with European Commission after the body raised concerns over its planned steel joint venture with Thyssenkrupp. The European Commission has opened a deeper investigation into proposed steel joint venture over concerns that it could raise prices and harm competition. Thyssenkrupp and Tata Steel earlier this year unveiled plans to combine their steel activities in Germany.