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Tata Steel Update

Tata Steel chief executive of Tata steel Europe says.

“European steel demand this year is expected to be only two-thirds of pre-crisis levels after falls in the past two years.

“On top of the challenging economic conditions, rules covering energy and the environment in Europe and the UK threaten to impose huge additional costs on the steel industry.

“As difficult as the proposed changes are, they are intended to build a stronger future by enabling the Long Products business to compete in even the current challenging economic and regulatory conditions.”

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