Two steel giants are merging — despite Trump's move to turn the industry on its head - Creak News

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Two steel giants are merging — despite Trump's move to turn the industry on its head

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FILE PHOTO: A worker operates a furnace at a steel plant in Hefei, Anhui province August 18, 2013. REUTERS/Stringer/File PhotoThomson Reuters

  • Tata Steel and Germany's Thyssenkrupp, two huge steel businesses, have agreed to merge.
  • The German-based company’s executive board approved the plans on Friday after signing a memorandum of understanding last September.
  • The deal comes at a time when President Donald Trump's tariff agenda has turned the global steel industry upside down.

 



Tata Steel and German firm Thyssenkrupp have agreed a merger deal.

See the rest of the story at Business Insider

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