Europe’s steel market takes big step on consolidation in more than a decade

12 July 2018. Tata Steel and ThyssenKrupp agreed to a 50-50 joint venture that will see the two global steel giants combine their steelmaking operations on the European continent. The resulting merger will create the second largest steel player in the region (behind ArcelorMittal/Ilva) with a revenue base of EUD17 billion and 48,000 employees.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s