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
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply