Tata to cut Corus flab; Teesside future bleak

摘要

As demand In Europe is yet to pick up, Corus' Teesside casting plant leaves no choice for the Tatas but to mothball it. Tata Steel, India's largest and world's eighth largest steel manufacturer, said Corus' Teesside casting plant in the United Kingdom was a major drag on the company's profitability in Q2 of the current fiscal, and it was prepared to mothball the plant, if necessary