International Steel Mills
July 12, 2016
Tata Steel and Thyssenkrupp Discuss Joint Venture
Written by Sandy Williams
Tata Steel and Thyssenkrupp confirmed they are in talks about consolidating their European steel businesses.
Tata Steel is currently in the process of selling its UK assets but said on Friday that it will also “look at alternative and more sustainable portfolio solutions for the European businesses.” Tata said it has been reviewing bids from seven potential buyers for their commercial value and future viability for stakeholders. The uncertainty surrounding Brexit and the outcome of discussions about the British Steel Pension Scheme has contributed to Tata considering a new strategy for the company.
