Tata Steel Europe has begun to seek potential buyers for its non-core business units so as to strengthen its forecast for the steel strip business, the company said on Tuesday May 8.
The sale process will include five business units.The first is Cogent, a manufacturer and processor of electrical steels. It has three assets, at Newport in South Wales in the UK, at Burlington in Ontario in Canada, and at Surahammar in Sweden.Also included are Kalzip, an aluminium roofing and cladding business based primarily in Koblenz, Germany; and Firsteel,...