Thyssenkrupp in talks with Tata Steel about European steel plantsStaff Writer | July 11, 2016
Thyssenkrupp confirmed that it is in talks with India's Tata Steel about a consolidation of beleaguered European steel mills.
Steel industry Tata Steel in a possible joint venture
In addition to its UK operations Tata Steel Europe also owns the former Hoogovens steel plant in the Netherlands.
Tata had said in a statement that the talks, which could include a possible joint venture, were at a preliminary stage and the European approach was in addition to its attempts, launched in March, to sell its main British steelmaking operations, which include its Port Talbot blast furnace plant in southern Wales.
The firm said the British vote to leave the European Union, and the outcome of the UK government's consultation on Tata Steel UK's British Steel pension scheme, had prompted a rethink on the sale. ■