Tata Steel wins £10m contracts; European steel demand healthy
Published: Tuesday, 12 August 2014
Tata’s contract win, together with its successful company results and recent data from worldsteel, indicate improvements in the steel and automotive sectors. This is good news for mineral producers such as S&B minerals, which saw an increase in sales as business activity gained traction.
Tata Steel announced today that it has won contracts worth
around £10m ($16.8m*) with Subsea 7, one of the
worlds leading suppliers to the offshore industry.
The deal comes not long after the steel giant reported a
marked improvement in profitability in its May