Corus News

The closure of Tata Steel`s operations in Britain would leave a hole in manufacturers` supply chains, dealing a blow to thousands of smaller firms across the country and creating a logistical headache for the car industry

Tata Steel and Germany`s Thyssenkrupp have been talking about combining their European steel operations, a person aware of the talks said on Friday

British Prime Minister David Cameron today assured the nation that his government is "doing everything it can" to save thousands of jobs in the crisis-hit steel industry but warned there were "no guarantees of success" after India's steel giant Tata Steel decided to sell its loss-making UK businesses

Nine years after acquiring Corus to become Europe's second largest steel maker, Tata Steel has finally announced plans to sell its UK business as the company battles to control its "deteriorating financial performance".