A setback for Tatas

Print edition : April 29, 2016

A handout image from October 2006 shows steel slabs being made at Corus' Port Talbot plant in Wales. Photo: AFP

A labourer marks steel bars at a steel and iron factory in China's Jiangsu province in this 2008 photograph. China expects to lay off 1.8 million workers in the coal and steel sectors as part of its efforts to reduce industrial overcapacity. Photo: PATTY CHEN/REUTERS

A 2006 photograph showing B. Muthuraman (left), Managing Director of Tata Steel; Ratan N. Tata, Chairman of Tata Sons; James Leng, Chairman of Corus; and Philippe Varin, Chief Executive of Corus; at a press conference in London after Tata Steel won the bid to take over Corus. Photo: ADRIAN DENNIS/AFP

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