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Tata Steel
Latest News
Official: Despite Opposition, Deal Between thyssenkrupp Management, Labor Over Tata Merger Is Attainable
04 October 2017 - The premier of thyssenkrupp’s home state, North Rhine-Westphalia in Germany, said he believes a deal between the company and its union employees could be reached over the proposed combination of its steel unit with Tata Steel, according to the Reuters news service.
Report: In Tata-thyssenkrupp Combination, the Hammer Might Fall Hard on Port Talbot Works
02 October 2017 - As Tata Steel moves to combine its European strip operations with Germany’s thyssenkrupp, Tata’s integrated Port Talbot Works is likely to bear the brunt of cost reductions through the merger and in the event of an industry downturn, reports the Reuters news service.
Tata, thyssenkrupp Set Framework for Combining Steel Operations
20 September 2017 - Tata Steel and thyssenkrupp have signed a preliminary agreement to combine their European steel operations, creating a 50-50 joint venture that would be Europe’s second-largest steelmaker behind ArcelorMittal.
A Tata-thyseenkrupp Deal May – or May Not – Be Close
14 September 2017 - Now that Tata Steel has finalized the divorce between its European business and the legacy British Steel Pension Scheme, a deal to combine the operation with thyssenkrupp’s steel division may be close, according to the Reuters news service.
Regulators Approve Tata Steel Pension Plan Divorce
11 September 2017 - U.K. officials have approved Tata Steel Europe’s plant to separate itself from its GBP15 billion British Steel pension plan, the steelmaker has announced.
thyssenkrupp Shareholders Want a Tata Deal Done
08 September 2017 - thyssenkrupp shareholders would like to see the company combine its steel unit with Tata Steel’s European strip business by year’s end, reports the Reuters news service.
German Official Tells thyssenkrupp to Consider Alternatives to Tata Steel Combination
25 August 2017 - Sigmar Gabriel, Germany’s Minister for Foreign Affairs, thinks thyssenkrupp ought to abandon plans to merge its steel division with Tata Steel’s European steel operations.
Report: Two International Steelmakers Eyeing India's Essar Steel
23 August 2017 - Tata Steel and POSCO might be among the companies looking at acquiring debt-stricken Essar Steel, which is operating under Indian insolvency laws.
Tata Hires Danieli to Upgrade Galv Line
14 August 2017 - Danieli has won a contract to upgrade a hot-dipped galvanizing line at Tata Steel Europe’s IJmuiden plant in the Netherlands, the company has announced.
Tata Steel Reportedly Preparing to Announce Deal on U.K. Pension Plan
09 August 2017 - Tata Steel and U.K. officials are hoping to announce on Friday that they’ve reached a deal to separate Tata Steel from its legacy British Steel pension fund, a move that would potentially allow the company to combine its European strip business with thyssenkrupp AG's steel division.
Tata Chairman Says Corus Acquisition Made Sense at the Time
08 August 2017 - Tata Sons chairman Natarajan Chandrasekaran defended his company’s decade-old acquisition of former Anglo-Dutch steelmaker Corus, saying that the deal was a reasonable one to make at the time, hindsight notwithstanding.
Tata Steel Completes Sale of U.K. Pipe Mills
02 August 2017 - Liberty House Group has finalized its acquisition of two large-diameter pipe mills in the U.K. the company has announced.
thyssenkrupp Forms an Alternative to Tata Steel Europe Combination
02 August 2017 - thyssenkrupp is developing a Plan B to a proposed joint venture for its steel operations, reports the Bloomberg news service.
Report: thyssenkrupp CEO Wants Tata Deal By September
26 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger is looking to strike a deal on merging the company’s steelmaking operations with Tata Steel’s European strip business by September, according to the Reuters news service.
Liberty House Acquires Two Tata Pipe Mills
11 July 2017 - Metals entrepreneur Sanjeev Gupta’s Liberty House Group has reached a deal to acquire two large-diameter pipe mills from Tata Steel U.K.
Tata, thyssenkrupp Leaders to Meet on Potential Steel Merger
05 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger plans to meet with Tata Sons chairman Natarajan Chandrasekaran this month to see if the two companies can put together a deal on merging their European steel operations, according to the German business newspaper Handelsblatt.
Tata Steel to Split From U.K. Pension Fund
18 May 2017 - Tata Steel said it has reached an agreement in principle to sever ties with its U.K. pension fund, a move that if finalized would remove an obstacle to possible a merger with thyssenkrupp’s steelmaking operations.
Thyssenkrupp joint venture would be 'high risk,' labor union says
11 April 2017 - Germany’s largest labor union is voicing disapproval of a potential joint venture between thyssenkrupp AG and Tata Steel, the Bloomberg news service reports.
Tata Steel Freezes U.K. Pension Plan
10 March 2017 - Tata Steel U.K. will freeze its pension plan at the end of March, a decision that helps to clear the way for a potential merger of its European strip business.
With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas
22 February 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion).
