Thyssenkrupp and Tata Steel last year announced plans to combine their European steel operations to create the continent’s second-largest player after ArcelorMittal. The plant in IJmuiden would remain a “fully integrated steel company”, Tata Steel Netherlands said. Tata Steel also operates a plant in Port Talbot, Britain. Thyssenkrupp and Tata Steel last year announced plans to combine their European steel operations to create the continent’s second-largest player after ArcelorMittal, including up to 4,000 job cuts. Tata Steel and Thyssenkrupp declined to comment.

Source: Mint March 29, 2018 06:11 UTC