17
May
01:00
Tata writes down UK long products business, Klesch deal close?
In a stock exchange filing at the end of last week monitored by Kallanish, India’s Tata Steel disclosed that it expects to recognise a significant non-cash write-down of its assets when it publishes its FY 2015 accounts in the coming days.
The total value of the impairment will be around INR 6500 crore ($788m), the steelmaker said. INR 5000 crore of this related to the Tata Long products UK business which will now be fully impaired, the steelmaker conf…
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Anonymous
Very good overview of the weekly steel market.
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