Tata Steel

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Tata Steel Records First-Quarter Loss

12 September 2016 - Tata Steel lost US$475 million in the first quarter of its fiscal year, weighed down by a steep loss on its discontinued European long products business, which it sold earlier this year, the (London) Financial Times.

thyssenkrupp Engages Labor on European Steel Restructuring

01 September 2016 - thyssenkrupp and labor representatives have agreed to establish a task force that is to discuss, among other things, whether the company needs to merge steelmaking operations with others, according to the Reuters.

Workers Protest Potential Merger of thyssenkrupp, Tata European Operations

31 August 2016 - Steel workers at Germany’s thyssenkrupp staged a rally on Wednesday to protest the potential merger of the company’s European steel division with Tata Steel’s European unit, reports the Reuters news service.

Billions of Rupees Committed to a New Mill, Plans for Another Set Aside

26 August 2016 - India’s JSW Steel plans to commit the equivalent of US$7.5 billion to build a large steel works in the state of Odisha, reports the Business Standard newspaper.

Tata Steel Initiates Exports of New Iron Product

24 August 2016 - Tata Steel said its new Kalinganagar steel works in India shipped its first export batch of an alternative iron product called Tata Ferroshots.

New Steelworks Reaches 100,000 Metric Tons of Monthly Production

19 August 2016 - Tata Steel managing director T.V. Narendran said the company’s Kalinganagar steel works produced 100,000 metric tons of steel in July as the company continues to ramp up production at the new facility.

No Guarantees That Port Talbot Works Will Be Saved, Says Tata Executive

11 July 2016 - Tata Steel cannot guarantee that the U.K.’s largest steelmaking facility has a future ahead of it, even if it is able to sign a joint venture agreement for its strip business, reports The Guardian newspaper.

Tata, thyssenkrupp Discussing Joint Venture for European Strip Businesses

08 July 2016 - Tata Steel has suspended the sale of its U.K. business and is now thinking about putting its strip operation into a joint a venture with other steelmakers, including Germany’s thyssenkrupp AG, Tata announced on Friday.

In India, A New Steel Mill Comes to Life

06 July 2016 - Steelmaking facilities at Tata Steel’s new integrated mill in India have been successfully commissioned, according to machine and mill builder SMS group.

'Brexit' Puts the Brakes on Sale of Port Talbot Works

05 July 2016 - The uncertainty arising from the U.K.’s Brexit vote is prompting Tata Steel to pause the sale of its Port Talbot works, reports The (London) Sunday Times.

Brexit Leaves Fate of Tata Steel U.K. All the More Uncertain

27 June 2016 - The United Kingdom’s vote to secede from the European Union will complicate Tata Steel's efforts to sell its U.K. strip business and may, in fact, give the company more of a reason to hold on to the business, according to reports.

Tata Steel Might Break Up U.K. Business

20 June 2016 - Tata Steel announced in March that it would look to exit the United Kingdom and sell its strip business there, saying that it no longer saw a profitable future for the operation. Later, though, reports emerged that it may hold onto the business after all.