Report: In Tata-thyssenkrupp Combination, the Hammer Might Fall Hard on Port Talbot Works
10/02/2017 - 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.
“It would logically make sense to cut capacity at lower margin sites, which I believe are mainly the Tata assets. thyssenkrupp’s sites are amongst the best earners in Europe,” one of thyssenkrupp’s top 20 shareholders told Reuters.
Reuters has the full story here.
