Tata Steel to sell UK steel sites to commodities firm

By Siobhan Lismore-Scott
Published: Wednesday, 15 October 2014

The sale of Tata Steel’s UK sites could impact demand for associated refractory minerals. At the moment it is unclear how Klesch Group will run the sites being sold – whether output will be optimised to match demand, or continue at the same pace. However, the sale casts uncertainty on the market.

Steel giant Tata Steel today said that it is preparing to sell its UK steel sites, plus associated sites in Germany and France, to commodities firm Klesch Group.

The sale of Tata Steel’s Long Products Europe arm includes the Scunthorpe integrated steelworks, mills in England, Scotland and France, as well...

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