19
May
01:00
Tata rejects media reports that Klesch deal is imminent
Tata Steel has rejected a claim in the Indian press that a deal for its long products operation is near to being signed with Swiss-based Klesch Industries. Recent events, including news of a significant write-down in value of the Tata Long Products Europe business by the company, had fuelled such speculation.
In a stock exchange statement monitored by Kallanish the steelmaker says that a Sunday Times (India) report “… is speculative and does not…
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Anonymous
Very good overview of the weekly steel market.
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