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Tata Steel of India engages in talks with steel-industry competitors, including Thyssenkrupp AG of Germany, regarding a potential joint venture. This initiative aims to address the challenges faced by Tata Steel's struggling European business after the Brexit vote. Initially planning to sell its U.K. operations, Tata Steel now explores sustainable alternatives to ensure the future viability of its European operations amidst a global steel glut and funding constraints.
Friday, 8 July, 2016