28
Jan
09:48
Tata Steel sells Southeast Asian business to Hegang
Tata Steel has confirmed that it will sell controlling stakes in Tata Steel (Thailand) and Singapore’s NatSteel to a new joint venture company controlled by Hebei Iron and Steel (Hegang). The deal will leave Hebei in control of the assets but Tata Steel will retain a 30% stake in the new Singapore-based joint venture, Kallanish notes.
Tata Steel and Hegang will first create a new joint venture company in Singapore that is 70% owned by Hegang and …
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Anonymous
Very good overview of the weekly steel market.
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