Tata denies steel plant rumours

Tata Steel, the world’s sixth-largest steel maker, has denied that it is in talks with the South African government about the possible construction of a steel plant in South Africa.

This is after reports this week that Tata Steel was mulling the construction of a five million tonnes per year steel plant in South Africa, subject to the availability of iron ore and coal.

Local financial media reports on Wednesday quoted a trade and industry official as saying that the department was negotiating with Tata and a number of other players on the construction of a steel plant.

                                                            source : www.business.iafrica.com

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