China dumping cheap steel has been cited as the reason for Tata's exit from the UK steel industry
According to a German business paper, spokesman for Thyssenkrupp said that a consolidation in the steel sector made sense
Business Secretary Sajid Javid urges the company to push on with selling its UK business
Agency places both entities on Rating Watch Evolving
Tata Steel, others sell assets abroad after taking massive impairments
Brokerages claim exit plan good; unions call for nationalising business
British govt says it will not let the steel industry in UK die and make sure everything is done to create a sustainable industry
Trade Unions say British PM David Cameron should take a call to keep steel plants functioning and people in work
Tata employs about 15,000 people in Britain at sites including the giant Port Talbot plant in Wales
The steel major has suffered nearly $3 billion in losses on its UK operations.
The board plans to divest its loss making European steel business.
Unions welcomed the decision not to shutter the plants but called on Tata to be a "responsible seller" and on the government to play its role
Sale of European assets is positive, but turnaround in Europe is still far as demand remains depressed
It will make sense for Tata Steel to run its UK plants if the govt there imposes strict import duties
According to The Times, a 400 million pound rescue deal to sell the Scunthorpe plant to Greybull Capital is 'on track'
The Gupta family, which owns metals company Liberty House Group, will take responsibility for reopening, operating and investing in the two sites
Executives would vote on a turnaround plan to revive the Port Talbot plant, the report stated
The investment will be in defence, metal downstream and electronics as well as chemicals and pharmaceuticals among others
The timeline, cost was revised in 2011 during delay in land acquisition, which has pushed back the project by 4 years
This augmentation project would be taken up within the existing plant of 717 hectares and no additional land is required