05
Aug
01:00
Tata confirms Klesch deal off, implores government action on steel
Tata Steel has confirmed that the proposed deal with Klesch Industries, by which the Swiss-based company would have acquired the Indian steelmaker’s primarily UK-based long products division, is off. The company had been beaten to the drop by Gary Klesch who had revealed the news in an interview with the Financial Times on 4 August (see Kallanish 5 August).
“Tata Steel today confirms negotiations about the potential sale of its European long prod…
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Anonymous
Very good overview of the weekly steel market.
Anonymous