Europe's troubled steelmakers finally head for long-craved deals
Tata Steel holds joint venture talks with Thyssenkrupp; Arcelor-Mittal moves to take control of Ilva plant
London
EUROPE'S wounded steel industry might be about to get the deals that it has been crying out for.
The latest hope for the sector emerged last Friday as the continent's second biggest producer Tata Steel Ltd said that it was in talks with third-ranked Thyssenkrupp AG about a possible joint venture. That closely follows largest producer Arcelor- Mittal's move to take control of Ilva, Europe's top steel plant.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board
Shell maintains pace of buybacks as profit beats estimates
Gold prices drift higher as Fed stands pat on key interest rate
Oil falls to 7-week low on surprise US storage build, Middle East hopes
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire