SSAB ends talks with Tata Steel: What’s next?


The company also initiated the process to separate Tata Steel Netherlands and Tata Steel UK in order to pursue separate strategic paths for both the businesses in the future.

Synopsis

While announcing the Q2 results, steelmaker Tata Steel said that it was in discussions with SSAB concerning a possible acquisition of the IJmuiden steel mill and related downstream assets.

Mumbai: Swedish steelmaker, SSAB withdrew its interest to take over Tata Steel’s IJmuiden steel mill in Netherlands attributing it to the technical challenges in aligning with the Swedish steelmaker’s sustainability strategy.“We have carefully evaluated Tata Steel IJmuiden and have concluded that an acquisition would be difficult for technical reasons. We cannot be sufficiently certain that we could implement our industrial plan with the

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