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  News for Sahaviriya Steel Industries

  • Business

Tata Steel accepts $130-mn to settle UK plant loss

 Tata Steel's arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year purchase contract.The......

Teesside case: Tribunal rules in Tata's favour

 Tata Steel on Tuesday announced that a tribunal had given a partial final award in its favour in an ongoing arbitration proceeding between its UK operations (formerly Corus) and a four-member group......

Corus inks draft Teesside sale

 After months of negotiations, Tata Steel-owned Corus has tentatively agreed to sell the beleaguered Teesside Cast Products plant to Thailand's Sahaviriya Steel Industries for a price of 320 million......

Will Tata Steel's global stride with new deal aid profitability?

 It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. Photograph: Andrew Yates/Reuters The line-up for the special event included the launch of Air......

Why the Tata-Corus merger was doomed to fail

 The Anglo-Dutch merger was meant to revive the ailing British Steel which had incurred a net loss of £81 million in the year ended March 31, 1999 The Corus group - born out of a deal between......

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