British Steel collapse threatens 5,000 jobs The British Government would want to find a way to save a company like this... Quote.. In 2007, India's Tata conglomerate entered the UK steel market after it bought the Anglo Dutch group, Corus. In 2010, the business was renamed Tata Steel Europe. After a difficult few years, during depths of the 2016 steel crisis, Tata sold the Scunthorpe long products division to private equity firm Greybull Capital for a nominal £1.
Uncertainty over Brexit, but difficulty in meeting European emission laws, a cording to the article. The weakness of the pound since the referendum result has not helped, product has become more expensive. While US tariffs were not mentioned, they may well have been a contributing factor.
Meanwhile, Brexit chaos increases as May may resign Pressure grows on May to quit as Leadsom resigns over Brexit deal
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