News
This section contains the latest corporate news from Corus and an archive by year.
Teesside Cast Products – Myths and Facts
06 Mar 2010
In recent weeks the partial mothballing of Teesside Cast Products, which was announced in December and started on February 19, has received plenty of media attention. Much of the coverage and comment has served to distort a proper understanding of the events that led up to the decision and of related issues. This document sets out the facts and debunks the myths.
£8.3 million steel support package announced
05 Mar 2010
UK Steel Enterprise, the Corus subsidiary that helps the economic regeneration of communities affected by changes in the steel industry, has announced an £8.3m package of support measures, in the wake of the job losses on Teesside.
Corus sells stake in tar distillation plant to Koppers
02 Mar 2010
Corus Staal BV and Cindu BV, shareholders in Cindu Chemicals BV, on March 1 sold their shares in Cindu Chemicals to Koppers International BV, a wholly owned subsidiary of Koppers Holdings Inc, for an undisclosed consideration.
Corus confirms £60 rise on forging steels
24 Feb 2010
Following Corus Long Products' price rise announcement in January, the company has confirmed a £60 per tonne increase on the base price of forging steels on all products for delivery from April 5, 2010.
Tata Steel reports Unaudited Consolidated Results for the first nine months and for the third quarter of Financial Year 2009-10
16 Feb 2010
Tata Steel Limited today declared Unaudited Consolidated Group Financial Results for the first nine months and for the third quarter (Q3) ending December 31, 2009.
Corus to raise strip product prices in Europe
10 Feb 2010
Corus is to raise its prices in Europe from March 1 for hot and cold rolled, hot dipped galvanised as well as organic coated strip products.
Corus confirms £50 rise on structural sections
01 Feb 2010
The Corus Structural Sections business has confirmed that all products within its portfolio will increase by £50 per tonne effective from March 1 2010.
Corus Long Products announces immediate price rise
27 Jan 2010
In reaction to higher input costs Corus Long Products is raising prices for a wide range of its products by at least £60 per tonne
Joint Statement from Teesside Cast Products Management and Trade Unions
15 Jan 2010
Corus has today agreed to the Trade Unions’ request to extend operations at Teesside Cast Products (TCP) until all the raw materials currently on site have been consumed, or until the end of February, whichever is first.
Joint Statement from the Teesside Cast Products Joint Management / Trade Union Task Force
12 Jan 2010
A productive first meeting of the Joint Management / Trade Union Task Force was held today on Teesside.
Karl-Ulrich Köhler to join Corus as new COO
18 Dec 2009
Corus today announces the appointment of Dr Karl-Ulrich Köhler as its new Chief Operating Officer with effect from 1 February 2010.
Joint statement from Corus and the National Steel Co-ordinating Committee
17 Dec 2009
The steel committee and Teesside Multi-Union representatives met with Corus today to discuss the situation at Teesside Cast Products (TCP).
Corus announces EUR35m investment in French steel mill after securing rail contract
15 Dec 2009
Corus has today announced it will invest EUR35 million at its rail production facility in Hayange, France, after securing a major new contract with SNCF.
Broken contract leads to mothball of Teesside plant
04 Dec 2009
An international consortium’s breaking of a binding contract has led Corus to partially implement the proposal announced in May 2009 of mothballing some of the facilities belonging to the Teesside Cast Products (TCP) business in northeast England.
Corus pilot plant could dramatically reduce steel industry emissions
27 Nov 2009
Corus is to test a potentially ground-breaking new iron-making technology in a pilot plant project at its IJmuiden steelworks in the Netherlands.
Tata Steel reports Consolidated Results for the first half of Financial Year 2009-10
26 Nov 2009
Tata Steel Limited today declared Consolidated Group Financial Results for the first half (H1) and second quarter (Q2) ending September 30, 2009.
Corus unveils new product for renewable energy sector
09 Nov 2009
Corus has unveiled a new high-quality steel product for the renewable energy market following development work at its UK research labs.
World Steel Association honours Tata Steel with safety excellence award
15 Oct 2009
At its annual congress in Beijing this week the World Steel Association (worldsteel) named Tata Steel as one of the three recipients of its Safety and Health Excellence Recognition Award.
Over 3600 children take part in 2009 Corus Kids of Steel triathlons
02 Oct 2009
The third annual Corus Kids of Steel series took place this September, introducing school children around the country to the sport of triathlon.
Corus increases engineering steels prices
23 Sep 2009
Corus today announces an increase in prices on engineering steels, wire rod, bar and narrow strip.
Corus to raise UK strip prices from October
14 Sep 2009
Corus Strip Products UK will increase prices from 1 October on UK deliveries of flat rolled products to customers on monthly contracts.
Corus announces price increases for sections and plate
03 Sep 2009
Corus announces that it will be increasing prices for sections by £25/tonne and for plate by £30-40/tonne as demand improves for steel long products.
Tata Steel Group reports consolidated results for the quarter ended June 30, 2009
27 Aug 2009
Tata Steel Group today declared unaudited Consolidated Financial Results for the quarter ended June 30, 2009.
Trading starts in Tata Steel GDRs on London Stock Exchange
27 Jul 2009
Tata Steel has raised $500 million via the largest ever Indian GDR offering in London.
Corus steps up search for alternative solutions after offtakers finally abandon TCP
23 Jul 2009
Corus and the four members of the steelmaking consortium that were party to the agreement to take almost 78% of the output from Teesside Cast Products (TCP) met today to consider the future of the agreement.
Tata Steel today raised US$500 million through GDRs to be listed on London Stock Exchange
21 Jul 2009
The Company has priced an equity offering in the form of Global Depository Receipts (“GDRs”) for a gross amount of US$500 million.
Tata Steel subsidiary raises stake in Riversdale Mining Ltd to 19.38%
16 Jul 2009
Tata Steel Global Minerals Holdings Pte Limited has today acquired additional shares in Riversdale Mining Limited (RML), Australia taking its total holding up to 19.38%.
Corus acts to enhance competitiveness at Scunthorpe plant
09 Jul 2009
Corus has today announced proposals to improve the competitiveness of its Scunthorpe site in North East England by aligning employment costs with anticipated steel demand.
Corus announces further measures to improve its competitiveness
25 Jun 2009
Corus today announces additional measures that build on the restructuring programme the company announced in January 2009.
Tata Steel reports consolidated results for the financial year 2008-09
25 Jun 2009
Tata Steel Limited today declared the audited Consolidated Group Financial Results for the year ended March 31 2009.
Tata Steel UK receives Lenders' consent to reset debt covenants
29 May 2009
Tata Steel UK, a 100% indirect subsidiary of Tata Steel Limited, today received Lender approval to reset the covenants in its £3.7 billion acquisition-related senior debt facility. The Lenders voted unanimously in favour of the Company’s proposal.
Corus at the Offshore Technology Conference
27 May 2009
Tata Steel International and Corus Tubes joined forces at the world’s largest offshore resources industry event, the Offshore Technology Conference (OTC), held May 4-7 at the Reliant Park in Houston.
Tata Steel UK meets lenders
11 May 2009
Tata Steel UK, a 100% indirect subsidiary of Tata Steel Ltd, has held meetings in London and Mumbai with its banking syndicate, which participated in the debt financing for the acquisition of Corus Group plc, to pro-actively discuss the current environment and the potential future impact on some covenant requirements under the Company's debt package.
Consortium’s termination of contract triggers consultations on future of Teesside
08 May 2009
Corus regrets to announce that it has been forced to open consultations that might result in a decision to mothball its Teesside Cast Products (TCP) plant in northeast England.
Corus opens aerospace service centre in China
01 Apr 2009
Corus opened a new service centre in China to supply the country’s growing aerospace industry.
Jim Leng steps down as Corus Chairman
05 Mar 2009
Jim Leng has decided to step down as Chairman of Tata Steel Europe (Corus) on 30th March.
Tata Steel reports consolidated results for third-quarter 2008-09
27 Feb 2009
Tata Steel today declared unaudited Consolidated Group Financial Results for the quarter and nine months ended December 31 2008.
Tata Steel wins Golden Peacock award for CSR
26 Feb 2009
Tata Steel Ltd has won the Golden Peacock Global Award for Corporate Social Responsibility for the year 2009.
Corus and Elastron inaugurate Thessalonica service centre
19 Feb 2009
Corus and Elastron are today inaugurating a new joint-venture service centre in northern Greece that will focus on strip and long products.
Corus and Salzgitter cooperate on new steel product with outstanding properties
18 Feb 2009
Corus and Salzgitter announce today their successful cooperation in the product development of High Strength and Ductility (HSD®) steels.
Corus signs MoU on Teesside sale with Marcegaglia and Dongkuk
29 Jan 2009
Corus, Marcegaglia SpA and Dongkuk Steel Mill Co Ltd have today signed a Memorandum of Understanding with a view to Marcegaglia and Dongkuk jointly acquiring a majority stake in Corus’ Teesside Cast Products business (TCP).
Corus launches strategic initiative to enhance its competitiveness
26 Jan 2009
Corus today announces a series of strategic measures that will improve its competitive position.
Corus signs Share Purchase Agreement with Klesch for sale of aluminium smelters
21 Jan 2009
Corus and Klesch have signed a Share Purchase Agreement (SPA) for the acquisition of Corus’ aluminium smelters by Briand Investments B.V., an affiliate of Klesch.
New Chief Executive for Corus
08 Jan 2009
The Board of Tata Steel has appointed Kirby Adams to succeed Philippe Varin as Chief Executive Officer of Corus and of Tata Steel Europe, the holding company of Tata Steel’s European operations.
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