• Tuesday, November 29, 2022

News

May says no meeting planned with Tata bosses during India trip

Tata steel put its British operations up for sale in March

By: Eastern Eye Staff

Prime minister Theresa May won’t meet any executives from Tata Steel Ltd during her two-day trip to India but talks about the future of its British steel operations are still going on, she said. In March, Tata Steel put its British steel operations on sale following heavy losses linked to a flood of cheap Chinese imports and low demand in the region. The process was suspended in July because of uncertainty following the June Brexit vote. The company has since said it is exploring opportunities for a partnership for its entire European steel business, and Germany’s biggest steelmaker Thyssenkrupp has…

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