- published: 13 Jan 2012
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Tata Steel Europe (formerly Corus Group) is a multinational steel-making company headquartered in London, United Kingdom. It is the second-largest steel-maker in Europe and is a subsidiary of Tata Steel of India, one of the ten largest steel producers in the world.
Corus Group was formed through the merger of Koninklijke Hoogovens and British Steel on 6 October 1999 and was a constituent of the FTSE 100 Index until it was acquired by Tata in 2007. On 27 September 2010 Corus announced it was changing its name to Tata Steel Europe and adopting the Tata corporate identity.
British Steel Corporation was a large British steel producer, consisting of the assets of former private companies which had been nationalised on 28 July 1967 by the Labour Party government of Harold Wilson. On 5 December 1988 the company was privatised as a result of the British Steel Act 1988. Koninklijke Hoogovens was a Dutch steel producer founded in 1918, located in IJmuiden.
On 6 October 1999 British Steel merged with Koninklijke Hoogovens to form Corus Group forming the third largest producer of steel behind POSCO of South Korea and Nippon Steel of Japan. British Steel formed about two-thirds of the merged group.
I spent the rent; I ain't got a cent.I spent the rent; I ain't got a cent.