Tata Steel and thyssenkrupp JV will be second-largest European flat steel producer

Newsroom24x7 Network Singapore/Mumbai: Tata Steel Limited’s (TSL) memorandum of understanding with thyssenkrupp AG to create a 50:50 JV in Europe paves the way for TSL to reduce exposure to a structurally weaker business, says Fitch Ratings. However, according to Fitch, TSL’s Long-Term Issuer Default Rating (IDR) of ‘BB’ remains on […]