Steel News

Tata, thyssenkrupp Set Framework for Combining Steel Operations

20 September 2017 - Tata Steel and thyssenkrupp have signed a preliminary agreement to combine their European steel operations, creating a 50-50 joint venture that would be Europe’s second-largest steelmaker behind ArcelorMittal.

A Tata-thyseenkrupp Deal May – or May Not – Be Close

14 September 2017 - Now that Tata Steel has finalized the divorce between its European business and the legacy British Steel Pension Scheme, a deal to combine the operation with thyssenkrupp’s steel division may be close, according to the Reuters news service.

Regulators Approve Tata Steel Pension Plan Divorce

11 September 2017 - U.K. officials have approved Tata Steel Europe’s plant to separate itself from its GBP15 billion British Steel pension plan, the steelmaker has announced.

thyssenkrupp Shareholders Want a Tata Deal Done

08 September 2017 - thyssenkrupp shareholders would like to see the company combine its steel unit with Tata Steel’s European strip business by year’s end, reports the Reuters news service.

thyssenkrupp Finalizes Sale of Brazil Plant

07 September 2017 - thyssenkrupp has completed the sale of its CSA Siderúrgica do Atlântico mill in Brazil, bringing an official end to its North and South American steelmaking venture.

German Official Tells thyssenkrupp to Consider Alternatives to Tata Steel Combination

25 August 2017 - Sigmar Gabriel, Germany’s Minister for Foreign Affairs, thinks thyssenkrupp ought to abandon plans to merge its steel division with Tata Steel’s European steel operations.

thyssenkrupp Forms an Alternative to Tata Steel Europe Combination

02 August 2017 - thyssenkrupp is developing a Plan B to a proposed joint venture for its steel operations, reports the Bloomberg news service.

Report: thyssenkrupp CEO Wants Tata Deal By September

26 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger is looking to strike a deal on merging the company’s steelmaking operations with Tata Steel’s European strip business by September, according to the Reuters news service.

Tata, thyssenkrupp Leaders to Meet on Potential Steel Merger

05 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger plans to meet with Tata Sons chairman Natarajan Chandrasekaran this month to see if the two companies can put together a deal on merging their European steel operations, according to the German business newspaper Handelsblatt.

To Survive, thyssenkrupp Turns Toward Another Business

21 June 2017 - Germany’s biggest steelmaker has a strategy that it hopes will allow it to succeed in a world awash in low-cost steel: make something other than steel.

Thyssenkrupp joint venture would be 'high risk,' labor union says

11 April 2017 - Germany’s largest labor union is voicing disapproval of a potential joint venture between thyssenkrupp AG and Tata Steel, the Bloomberg news service reports.

With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas

22 February 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion).

Tata's Change in Leadership Throws European Steel Merger Into Question

25 October 2016 - Cyrus Mistry’s ouster as chairman of Tata Sons Ltd. might disrupt the conglomerate’s effort to merge its U.K. strip business with thyssenkrupp’s European steel operations, according to the Bloomberg news service.

German Steelmaker in Talks to Sell Brazilian Plant

25 October 2016 - thyssenkrupp might sell its Brazilian steel plant, Companhia Siderúrgica do Atlântico, to Latin American steelmaker Ternium, according to The Wall Street Journal.

thyssenkrupp Engages Labor on European Steel Restructuring

01 September 2016 - thyssenkrupp and labor representatives have agreed to establish a task force that is to discuss, among other things, whether the company needs to merge steelmaking operations with others, according to the Reuters.

Workers Protest Potential Merger of thyssenkrupp, Tata European Operations

31 August 2016 - Steel workers at Germany’s thyssenkrupp staged a rally on Wednesday to protest the potential merger of the company’s European steel division with Tata Steel’s European unit, reports the Reuters news service.

Rotek Expands Seamless Ring Capacity

18 July 2016 - Thyssenkrupp’s Rotek Inc. said the installation of a new ring mill at its Aurora, Ohio, plant is on schedule and expects to put it into service on 1 September.

No Guarantees That Port Talbot Works Will Be Saved, Says Tata Executive

11 July 2016 - Tata Steel cannot guarantee that the U.K.’s largest steelmaking facility has a future ahead of it, even if it is able to sign a joint venture agreement for its strip business, reports The Guardian newspaper.

Tata, thyssenkrupp Discussing Joint Venture for European Strip Businesses

08 July 2016 - Tata Steel has suspended the sale of its U.K. business and is now thinking about putting its strip operation into a joint a venture with other steelmakers, including Germany’s thyssenkrupp AG, Tata announced on Friday.

ThyssenKrupp CEO: We Want to Be a Part of European Steel Consolidation

15 April 2016 - If thyssenkrupp chief executive Heinrich Hiesinger had his druthers, the company would take part in a consolidation of Europe’s steel industry, perhaps getting together with Tata Steel’s European operation.