Steel
UK govt could take 25% equity in Tata Steel UK: reports
21 Apr 2016
A spokeswoman for Prime Minister David Cameron said the government could take a minority stake in Tata Steel to support a new buyer deliver a long-term future for the business
Port Talbot chief to launch management buyout
20 Apr 2016
Stuart Wilkie, the chief of Tata Steel’s Talbot plant, is expected to launch a management buyout, though this would require considerable support from the UK government, even as Liberty House continues to express interest
Dumping Chinese steel mills could acquire Tata Steel UK
19 Apr 2016
Tata Steel is looking at a list of 190 potential buyers, which includes top global names in the steel industry from countries like Japan and China, say reports
Greybull to buy Tata’s UK long steel arm for £1
12 Apr 2016
Turnaround specialist Greybull Capital has made it clear that its purchase of Tata Steel’s Long Products Europe division will involve no job losses, but the deal is still subject to a ballot by the union
Tata Steel UK sells long products business to Greybull
11 Apr 2016
Tata Steel UK Limited today announced the signing of an agreement to sell its loss-making long products business to a family-controlled investment firm, Greybull Capital
Tata Steel UK wants SFO probe into possible fraud at its unit: report
08 Apr 2016
At least nine employees at Tata Steel’s Yorkshire's site are believed to have been suspended after documents revealed falsification of product certification
UK minister Sajid Javid meets Tatas’ Mistry in Mumbai
07 Apr 2016
UK business secretary Sajid Javid had a two-hour meeting on Thursday with Tata chief Cyrus Mistry and other officials to discuss the contours of the sale of Tata Steel’s UK assets, with the British government anxious to avoid job losses
Coal scam: JIPL directors Rungtas awarded 4-year jail term
04 Apr 2016
The coal scam that rocked the Manmohan Singh government came to light when the comptroller and auditor general (CAG) flagged irregularities in allocation of coal blocks from 2004 onwards
Cameron rues lack of takers for Tata’s steel assets
31 Mar 2016
Chairing an emergency meeting on Tata Steel’s decision to pull out of the UK, Prime Minsiter David Cameron said his government will do all it can to save thousands of jobs, but ruled out nationalisation
Tata Steel puts entire UK business up for sale
30 Mar 2016
After a marathon board meeting in Mumbai, Tata Steel has decided to put an end to its UK journey that began with the purchase of Corus in 2007, as it sees no prospect of a turnaround in a market glutted with cheap imports
Jharkhand Ispat, directors convicted in coal scam
28 Mar 2016
In the first verdict to emerge pertaining to the alleged coal scam, a special court has convicted Jharkhand Ispat and two of its directors, R S Rungta and R C Rungta, of forging documents to obtain coal blocks
ArcelorMittal to sell LaPlace, Vinton steel plants in US to Black Diamond
26 Mar 2016
ArcelorMittal has entered into a definitive transaction agreement to sell its LaPlace and Vinton Long Carbon facilities in the United States to an affiliate of Black Diamond Capital Management
US Steel to cut 770 jobs, idle 3 US plants
21 Mar 2016
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