Saturday 5 September 2015
 
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Tata Steel

Tata Steel may cut up to 720 jobs in Britain

Tata Steel, Britain's largest steelmaker, may cut up to 720 UK jobs in a revamp of its speciality and bar business, which has been hit by cheap imports and high energy costs, it said on Thursday. Most of the jobs at risk are a

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Tata Steel UK workers set for major strike

Tata Steel UK's biggest trade union voted on Friday to go on strike, setting the scene for the biggest labour action in the British steel sector in three decades. Members of the trade union Community voted 88 per cent in favou

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Tata in talks to sell UK steel plants to Klesch

India's Tata Steel is in talks to sell loss-making European operations including mills in northern England and Scotland to Geneva-based Klesch Group, as it battles weak prices and tentative economic recovery. Tata, Europe'

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Tata Steel inks key Iraq pipe contract

India's Tata Steel said its energy and power unit has announced a multi-million pound order with Korea Gas Corporation (Kogas) for the supply of 110 km of line pipe and coatings for its Kirkuk to Baiji Dry Gas Project in Iraq.

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Tata Steel wins major Saudi rails contract

India's Tata Steel has won an order to manufacture 60,000 tonnes of high-quality rail for a new high-speed line linking the two holy cities of Makkah and Madinah in Saudi Arabia.   The new railway will allow

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Tata Steel rules out EU assets sale

India's Tata Steel Limited said it expected to take no further charges in Europe and has put no European assets up for sale, following a $1.6 billion writedown for the region in the past financial year due to weak demand. The

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Tata Steel's net profit hits $449m

India's Tata Steel, the world's seventh-largest steelmaker, posted a second-quarter net profit from a loss a year earlier, beating forecasts, as industrial demand improved. Tata Steel's consolidated net profit for the thre

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Tata Steel to invest $150m in Oman

Tata Steel, the world's sixth-largest steel maker, will invest up to $150 million over three years to develop a 10-million-tonne limestone mine in Oman. Tata Steel said it had signed a joint-venture agreement with Oman's Al Bahja Group to

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Tata Steel to raise $2.3bn in rights issue

India's Tata Steel will raise 91.35 billion rupees ($2.3 billion) from a rights issue of equity shares and convertible preference shares, a newspaper advertisement showed. The issue, a part of the financing for the takeover of Corus Group,

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