Dutch trade union FNV is preparing to take legal action to fight Tata Steel Europe against the sale of the Segal hot-dipped galvanizing (HDG) line in Belgium, which was proposed as part of Tata's move to form a joint venture with ThyssenKrupp, the union told Fastmarkets on Tuesday April 16.
"We have an agreement with Tata Steel authorized by Tata Steel [Group] that all assets of Tata Steel Netherlands will remain in Tata Steel Netherlands. Segal is 100% asset of Tata Steel Netherlands. The aim of the legal action is to achieve that Segal remains in Tata Steel...