 "T V Narendran, Tata Steel MD, Tata Steel CEO")
An unprecedented rally in steel prices has taken the pressure off Tata Steel to explore divestment options for its global manufacturing operations in Europe and Southeast Asia.
"Right now, the steel cycle is working in our favour, so our assets in SE Asia and Europe continue to be a part of the family," said T V Narendran, managing director and chief executive officer, Tata Steel.
On November 13, last year, Tata Steel announced that it had started discussions with Sweden’s SSAB for potential acquisition of its Netherlands business, including Ijmuiden steelworks. However, end-January, SSAB withdrew its interest.
But since then, Europe has seen
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