Thyssenkrupp-Tata merger puts fate of UK’s top steel plant at risk amid dismal earnings

— October 2, 2017 comments off

Germany’s Thyssenkrupp and India’s Tata Steel have signed a memorandum of understanding for a 50-50 joint venture which, if approved, would forge Europe’s No.2 steelmaker after ArcelorMittal, with sales of around 15 billion euros ($17.70 billion).