Over the weekend Sanjeev Gupta’s company announced that Swedish firm SSAB was negotiating with Tata over buying its assets in the Netherlands.
Reports emerged on Saturday that the company is in talks with Swedish rival SSAB over the sale of its Dutch businesses. A fact that might throw into doubt the future of the UK’s largest steelworks.
Swedish steelmaker SSAB <SSABa.ST> is in talks with Tata Steel <TISC.NS> about potentially buying the Indian group's Dutch steel mill in IJmuiden and related assets, it said on Friday. "SSAB has participated in several different discussions concerning consolidations in the European steel industry," the company said. "The discussions with Tata are ongoing but no decisions have been made."