Tata Steel Europe announces plan to sell UK business

Q.  Tata Steel Europe is currently the ______ largest steel maker in the EU
- Published on 31 Mar 16

a. second
b. third
c. fourth
d. fifth

ANSWER: second
 
After acquiring Corus to become EU’s second largest steel maker, Tata Steel has announced plans to sell the UK business. Board of one of the largest steelmakers in the world met to assess what to do regarding the deteriorating financial position of the company.
  • Tata acquired Corus, now Tata Steep Europe in April 2007
  • European major was formed by merger of British Steel and Dutch firm Koninklijke Hoogovens in 1999.

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