Tata Steel Europe set for restructuring, set to keep Port Talbot

摘要

London—Tata Steel Europe, the region’s third-largest steelmaker, is set to announce a restructuring and cost-cutting plan in the face of weak market demand and continuing competition from imports, a spokesman said Monday. The company was expected to maintain its commitment to its Port Talbot works in Wales. Tata Steel expected to release further details imminently, the spokesman told S&P Global Platts.