Tata Steel Europe's $1.1 Billion Loss Threatens Future

GALWAY, IRELAND--August 31, 2020--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Tata Steel Europe Limited (TSE) has posted a pre-tax loss of £857 million ($1.1 billion) for the 12 months ended March 31, 2020, sparking new fears for the ongoing viability of its troubled operations in the U.K. and Netherlands.

Within this article: Details financial loss, existing troubles at steelmaker, future risk to U.K. operations, potential plans to rescue company