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Liberty House buys Tata Steel UK's specialty steel business

The struggling steelmaker said the sale includes several South Yorkshire-based assets, including electric arc steelworks and bar mill at Rotherham, steel-purifying facility in Stocksbridge and a......

Tata Steel to cut 900 jobs in UK

Tata Steel on Friday said it will cut 900 jobs in the UK as part of major restructuring of European operations to make the company an "all-weather" steel producer, capable of succeeding in......

Markets end on a soft note

Benchmark share indices ended lower amid a volatile trading session Monday as the political logjam over the retail FDI continued to weigh on market sentiment.The Sensex ended down 41 points at......

Corus axes 3,500 jobs

Corus, Europe's second-largest steelmaker,announced on Monday plans to cut 3,500 jobs as part of a new strategic initiative launched to enhance competitiveness. "It should bring annual improvements......

Tata Steel-Corus merger reports untrue

The Tata-owned Corus on Monday termed "completely untrue" the media reports stating that the European steel maker is to be merged with Tata Steel, to save as much as 350 million pounds. "Both......

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