Tata Steel continues ThyssenKrupp talks

Tata Steel was still in talks with Germany’s ThyssenKrupp about a potential merger of their European steel assets, the Indian group said on Monday. British media on Sunday had said India’s largest steel firm might be calling off talks with the Germans. Tata Steel said it was in “constructive discussions” with ThyssenKrupp. “However … there can be no assurances these discussions will result in a transaction.” Tata Steel began the talks in July 2016 after it called off the sale of its Port Talbot works in Wales because of uncertainty caused by the Brexit vote and its pension liabilities.