- Thursday, April 25, 2024
By: Eastern Eye Staff
THYSSENKRUPP DEAL HAS ‘INDUSTRIAL LOGIC AND STRATEGIC RATIONALE’ TATA STEEL chairman N Chandrasekaran on Monday (2) described the agreement with German steel major Thyssenkrupp to create a new joint venture company as a “historic” development that would strengthen the steel industry in Europe and India. Thyssenkrupp said last Friday (29) it had finally agreed the merger of its steelmaking business with India’s Tata, making the merged firm Europe’s second biggest steelmaker. Conceived to take on the flood of cheap Chinese steel unbalancing world markets, the merged firm known as “Thyssenkrupp Tata Steel” will be based in the Netherlands. It will be…
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