Thyssenkrupp and Tata Steel to merge European steel operations in joint venture

Thyssenkrupp and Tata Steel signed a memorandum of understanding to combine their European steel activities in a 50/50 joint venture named Thyssenkrupp Tata Steel, with pro-forma sales of about €15 billion and a workforce of about 48,000.

“Their aim is to create a leading European flat steel player to be positioned as quality and technology leader.”americanrecycler.com

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• americanrecycler.comThyssenkrupp and Tata Steel to merge steel operations - American Recycler News - The NewsVoice for Salvage, Waste and RecyclingOct 30, 2017

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