Tata Steel, Thyssen on collision course with European Commission over JV

Thyssenkrupp and Tata Steel will not go very far in concessions to gain approval for a planned steel venture, four people familiar with the matter said, adding their offer might not be enough to satisfy the European Commission.

The two companies last year struck a deal to combine their European steel units to create the continent’s second-largest steelmaker after ArcelorMittal, a move that must be cleared by the European regulators.

Brussels last month sent a statement of objections in its antitrust review of the transaction, effectively asking for remedies in exchange for approval in three areas: electrical steel, galvanised steel for car