Tata Steel to sell UK steel sites to commodities firm
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 Steels Long Products Europe arm
includes the Scunthorpe integrated steelworks, mills in
England, Scotland and France, as well...