India: Tata Steel sells Scunthorpe asset for a song, stock dips

India: Tata Steel sells Scunthorpe asset for a song, stock dips

Tata Steel. Photo: Mint

News that Tata Steel Ltd may have sold its European long products business, possibly for less than the price of a cup of coffee, did little to cheer its shareholders. Its share fell by 2.1% on a day the Sensex rose by 0.5%. Other steel stocks fell too, but by much less.

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