Europe a drag, India business strong: Tata Steel
Tata Steel was one of the first steel companies in Europe last year to start adjusting its output and configuration to the slowdown in the recovery.
Tata Steel favours EU funds to soften impact of plant closures
BRUSSELS (Reuters) - Tata Steel (TISC.NS), the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, regional chief executive Karl-Ulrich Khler said.A prolonged contraction in steel demand has led many producers to seek cuts in capacity, only to face political opposition to a rapid restructuring.But the European Commission's vice ...
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