MUMBAI (CU)_In June 2018, Tata Steel signed a definitive agreement with Thyssenkrupp of Germany to combine their steel businesses in Europe and to a create a joint venture which would have been the second-largest steel company in continent after Lakshmi Mittal’s ArcelorMittal. However, a year later, the deal was blocked by the antitrust regulators of the European Union, who claimed that the proposed joint venture would push up prices and reduce competition.
Subsequently, in November last year, the Indian multinational steel-making company revealed that…
