Tata Steel’s UK Plant Is Struggling To Cope With Rising Costs

By Chistopher Rivituso via AGMetalminer.com Difficult trading conditions and a lack of clarity over state aid have put the future of Tata Steel’s UK plant into doubt. The Indian parent group also warned that current conditions would soon affect Tata Steel prices at Port Talbot. “A stress test conducted by the board to assess the potential impact of the economic downturn found that while the European business was expected to have adequate liquidity under different scenarios, the outlook for Tata Steel UK was less certain,”…