Tata Steel: After cutting flab, gains show

摘要

When Anglo-Dutch steel maker Corus (now known as Tata Steel Europe) was acquired by Tata Steel in 2006, there were many reasons to cheer. Then, the acquisition was considered a game-changer for Tata Steel in terms of providing scale, diversification and access to new technology and value-added products. The acquisition provided ready access to huge capacity which otherwise would have cost much more money and time if done through the organic route. After the acquisition, Tata Steel's total capacity increased significantly making it the fifth largest steel maker globally in terms of size. However, the celebration did not last for long.