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Tata Steel
Latest News
Tata Steel, Investment Firm Shake Hands on Sale of Long Products Business
11 April 2016 - Tata Steel has reached a deal to sell its European long products business to private investment firm Greybull Capital, the company has announced.
Report: Tata May Have Hard Time Finding Buyer for U.K. Business
07 April 2016 - After Tata Steel announced that it would look to divest its U.K. business last week, the hope has been for a quick sale to a buyer with a turn-around plan.
Tata Steel to Start Formal Sales Process for U.K. Business Next Week
06 April 2016 - Tata Steel will launch the formal sales process for is ailing U.K. business on 11 April, according to a U.K. official.
Report: Tata Steel, thyssenkrupp Might Bring European Operations Together
01 April 2016 - As India’s Tata Steel looks to exit the United Kingdom, it’s reportedly considering a new direction for its other European assets.
Nine Years and Billions of Dollars Later, Tata Steel Calls it Quits in the United Kingdom
30 March 2016 - After spending billions to buy Anglo-Dutch steelmaker Corus in 2007, and then losing millions more on the investment, India’s Tata Steel has announced plans to sell its U.K. business, leaving thousands of jobs at risk.
Tata Steel Eyes September Commissioning for New Steel Works
14 March 2016 - India’s Tata Steel is bringing up its new Kalinganagar steel works in the state of Odisha and plans to have it fully commissioned by September, company officials said.
Deadline Nearing for Sale of Tata Steel Europe Long Products Business
11 March 2016 - Talks between investment firm Greybull Capital and Tata Steel over the sale of its European long products business are continuing, but the steelmaker is sticking to a self-imposed deadline to strike a deal, reports the U.K.’s Mirror tabloid.
Tata Steel Europe's Chief Executive Departs for Another Position
25 February 2016 - Tata Steel Europe, which is in the midst of talks to sell its long products business, now finds itself undergoing a leadership change.
Report: Tata Steel Preparing to Restructure India Operations
23 February 2016 - India’s Tata Steel is planning to restructure its domestic operations in a bid to cut costs and boost productivity, reports The Economic Times.
Write-downs, Restructuring Costs Help Push Tata Steel's Q3 Earnings into the Red
04 February 2016 - Tata Steel Ltd. lost Rs 2,127 crore in its third quarter as it continues to face low prices and competition from imports.
Quebec Considers Public Investment in Tata Steel Ore Project
22 January 2016 - The Canadian province of Quebec has signed an agreement in principle with Tata Steel to buy into the company’s direct shipping ore project in the Labrador Trough, reports La Presse Canadienne news service.
Labor Union to Meet With Tata Steel Leaders Over Layoff Reports
11 January 2016 - The United Kingdom’s Community labor union said it plans to meet with Tata Steel officials over reports that the company might lay off hundreds of people at its Port Talbot works in Wales, according to the BBC.
Tata Steel Negotiating Sale of European Long Products Business
22 December 2015 - Tata Steel is in talks with investment firm Greybull Capital to sell its European long products business, the company has announced.
French Rail Mill Renews Long-Term Supply Contract
07 December 2015 - Tata Steel’s French rail mill has won a renewed contract to supply rail to SNCF, a French rail operator.
With No Alternative Plans in the Offing, Tata Steel Expected to Cut 720 Positions
04 December 2015 - Tata Steel and union representatives have failed to agree on a plan that would mitigate layoffs at its mini-mill operation in northern England, meaning that Tata likely will execute on its plan to cut 720 positions there and elsewhere, according to the The (London) Telegraph.
With Steelmaking Still Months Off, Tata Steel Dedicates New Integrated Plant
18 November 2015 - Tata Steel has inaugurated its new 6-million-metric-ton integrated steelworks in India, even though it will be a few more months before steelmaking begins.
Some Interest, But No Takers Yet for Tata Steel's European Division
17 November 2015 - Several parties reportedly have expressed interest in Tata Steel’s European long products division, although a deal doesn’t appear to be imminent, according to the Reuters news service.
Tata Steel Looks to Broaden Presence in Middle East Energy Markets
10 November 2015 - Tata Steel is working with a UAE-based petrochemical company to expand its market for energy sector products in the Middle East, reports The Times of India newspaper.
Tata Launches Steel-Plastic Composite Material
09 November 2015 - Tata Steel has introduced a new composite sheet material that it intends to market to bus and trailer manufacturers.
Task Force To Seek Out Buyer for Closing Scottish Mills
29 October 2015 - A task force organized to address the closure of two Tata Steel Europe plants in Scotland has agreed to seek a buyer for the facilities, reports the BBC.
