Investors expecting a deal this year in Tata Steel’s talks to merge its European assets with Germany’s Thyssenkrupp risk disappointment, given complications associated with the Indian-owned firm’s British pension scheme. Tata and Thyssenkrupp shares have firmed on hopes a merger would trigger European steel capacity cuts. Tata Steel UK, Britain’s ... Read More »

A steel industry plan to change its pension scheme and allow the sale of Tata’s British operations is likely to be scrapped in favour of a fix that avoids a political row, government and industry sources told Reuters. Tata in March put its British steel operations up for sale, saying ... Read More »

On a warm September morning in 2014, the 10-man board of Brazilian steelmaker Usiminas met on the ninth floor of a blue glass tower in Sao Paulo. In the room, the board members grappled over whether to fire the company’s chief executive and two vice presidents after an audit found ... Read More »