Tata Steel Agrees To Sell Clydebridge And Dalzell Plants
Tata Steel is still negotiating the potential sale of the rest of its Long Products Europe business to Greybull Capital.
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London: Tata Steel UK said on Thursday it has agreed to sell its Clydebridge and Dalzell steel plants to the Scottish government, which will then sell them on to international metals group Liberty House.
"Rather than closing the facilities, Tata Steel has continued to maintain them to enable plate production to potentially restart in the future."
Tata Steel is still negotiating the potential sale of the rest of its Long Products Europe business to Greybull Capital.
Tata Steel said last month it would cut 1,050 jobs in Britain, as it looks to save costs amid continued falls in the European steel price driven by a flood of cheap imports, mainly from China.
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