Commodities Buzz: Tata Steel Plans Joint Venture With ThyssenKrupp

capital market | Mumbai |

Commodities Buzz: Tata Steel Plans Joint Venture With ThyssenKrupp

Tata Steel announced on March 29 that it would sell its United Kingdom steel mill after the company planned to talk with Germany ThyssenKrupp in Europe to set up joint ventures. But ThyssenKrupp group has not confirmed the joint venture plan, the group said only when the steel market is oversupplied, the company's production and operation have faced great pressure will only consider joint ventures and also it needs to obtain the approval of the European Commission.

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