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Tata Steel UK to sell speciality steel unit for £100 mn to Liberty House

Tata Steel said the agreement covered several South Yorkshire-based assets

Tata Steel to decide on UK future in 4 weeks: UK report
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BS Reporter Mumbai
Tata Steel UK has signed an agreement to sell its speciality steel unit to Liberty House Group for £100 million.

In a notification to the stock exchanges, Tata Steel said the agreement covered several South Yorkshire-based assets. These included electric arc steelworks and a bar mill at Rotherham, a steel purifying facility in Stockbridge and a mill in Brinsworth, along with service centres in several parts of the world, including China. The unit employs 1700 people and caters to the aerospace, automotive and oil & gas industries.

“We will be handing over a business which has been transformed, following difficult decisions, to

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