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Tata Steel's UK plant to cut 400 jobs

Last Updated: Tuesday, July 01, 2014, 18:22

The proposed changes are aimed at enabling the UK Strip Products business to compete in Europe's lower market demand era by reducing costs.

Fitch revises outlook on Tata Steel to stable

Last Updated: Monday, April 14, 2014, 18:33

Credit rating agency Fitch on Monday revised outlook on Tata Steel and its subsidiary Tata Steel UK Holdings Ltd to stable from negative on possible improvement in its financial profile.

Tata Steel opens UK's largest steel plate centre

Last Updated: Tuesday, January 14, 2014, 17:42

Indian giant Tata Steel opened the UK's largest cutting centre for steel plates at its West Midlands base Tuesday.

Tata Steel fined over accident in UK plant

Last Updated: Tuesday, January 07, 2014, 20:48

Tata Steel's UK unit was found guilty of safety failings after the worker suffered serious injuries to his hand at the Trostre plant in Llanelli.

Signs of improvement in Tata Steel's European business: Moody's

Last Updated: Friday, November 15, 2013, 21:29

The European business of Tata Steel is showing signs that the recent weaknesses have been stemmed, according to Moody's Investors Service report.

Tata Steel says could cut around 500 UK jobs

Last Updated: Tuesday, October 29, 2013, 17:29

It blamed a prolonged downturn in demand, particularly for construction steel in Britain, a market which is at about half of 2007 levels.

Tata Steel to build 15 mn pound furnace at UK plant

Last Updated: Wednesday, October 23, 2013, 19:12

Indian steel giant Tata Steel has confirmed plans to construct a new 15-million pound furnace at its South Yorkshire plant in the UK to enable it to tap into new market opportunities and develop innovative new products for the aerospace industry.

Tata Steel wins new contract to supply UK's Network Rail

Last Updated: Monday, October 21, 2013, 21:05

The company`s Scunthorpe plant, which produces steel for construction and infrastructure, is the current supplier to Network Rail. The plant`s future would have been affected had the contract not been renewed.

Tata Steel's $1.6 bn write off not to impact rating: Moody's

Last Updated: Tuesday, May 14, 2013, 19:36

"The decision...Has no immediate impact on its ratings," Moody's said in a statement.

Tata Steel to shut UK technology centres, job cuts expected

Last Updated: Sunday, April 28, 2013, 19:18

A source told 'The Sunday Times' that Tata Steel may then shift this research to the Netherlands and India, resulting in 300-400 job cuts in the UK.

Tata Steel to cut 900 jobs in UK

Last Updated: Friday, November 23, 2012, 19:15

Tata Steel Friday said it will cut 900 jobs in the UK and close 12 sites as part of major restructuring of European operations to make it an "all- weather" steel producer, capable of succeeding in difficult economic conditions.

Moody's downgrades Tata Steel UK's rating by one notch

Last Updated: Wednesday, August 08, 2012, 22:58

Tata Steel has now been given B3 rating by the rating agency, which said in a statement that the steel maker's debt coverage metrics are no longer consistent with its previous rating B2.