Current Affairs - Business - Discussion

Tata Steel clinching joint venture (JV) with Thyssenkrupp to create new European steel giant, the combined strength would enhance sustainability of steel business. The new steel company will have a total workforce of 48,000 employees spread across 34 sites, producing about 21 million tonnes of steel a year with revenues of around Euro 15 billion. The joint venture will create a strong pan-European steel company that is structurally robust and competitive.