Saturday, 29 January 2022

Tag Archives: Tata Steel

Tata Steel to shut some operations in UK, 400 jobs at stake

BENGALURU: Tata Steel Ltd said on Monday it would shut parts of its non-core businesses in the United Kingdom, a move that could cost about 400 jobs. The steelmaker proposed to close its loss-making Orb Electrical Steels site in South Wales, potentially affecting up to 380 jobs, as it was ...

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UK-based Liberty Group to buy ArcelorMittal’s US unit

LONDON: UK-based Indian-origin entrepreneur Sanjeev Gupta’s Liberty House Group announced an in-principle agreement to acquire ArcelorMittal’s Georgetown Steelworks in South Carolina. The proposed deal between Liberty House and NRI steel magnate Lakshmi N Mittal’s US steelworks includes a 540,000- tonne a year electric arc furnace and 680,000-tonne a year rod ...

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