India business to offset impact of Tata Steel Europe deal falling through

摘要

As Tata Steel’s plans for a European joint venture between Tata Steel Europe (TSE) and ThyssenKrupp got called off, concerns were bound to mount. On one hand, the merger would have helped Tata Steel cut its consolidated debt, and on the other, it would have improved prospects of TSE, looking at the business challenges the European region faces.