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Tata Steel Europe
 | |
| Formerly | Corus Group plc (1999–2010) |
|---|---|
| Company type | Subsidiary |
| Industry | Steel industry |
| Predecessor | British Steel plc (1967–1999) Koninklijke Hoogovens (1918–1999) |
| Defunct | 1 October 2021 |
| Fate | Separation |
| Successor | Tata Steel Netherlands Tata Steel UK |
| Headquarters | London, England, UK |
Area served | Europe |
Key people | Dr. Henrik Adam, Chairman TSE |
| Revenue |  US$2.167 billion (2017) |
| −US$127 million (2016) | |
| Total assets |  US$6.22 billion |
| Total equity | US$2.79 billion |
Number of employees | 21,000 (2017) |
| Parent | Tata Steel |
| Website | tatasteeleurope |
Tata Steel Europe Ltd. (formerly Corus Group plc) was a steelmaking company headquartered in London, England, with its main operations in the United Kingdom and the Netherlands. The company was created in 2007, when Tata Group took over the British-Dutch Corus Group.
In 2021, the company was split into a British and a Dutch branch: Tata Steel Netherlands (TSN) and Tata Steel UK, both of which fell directly under the Indian parent company Tata Steel.[1]
Corus Group was formed through the merger of the Koninklijke Hoogovens and British Steel plc in 1999 and was a constituent of the FTSE 100 Index. It was acquired by Tata of India in 2007, and renamed Tata Steel Europe in September 2010.
At formation Corus operated steelmaking plants (blast furnaces) in Port Talbot and Llanwern, Wales; Scunthorpe and Teesside, England; and IJmuiden, Netherlands, with additional steelmaking facilities in Rotherham, England (electric arc furnace), as well as downstream steel production of both long and flat steel.
Profitability at the business was affected by the aftermath of the Financial crisis of 2007–08 (see Great Recession): the Teesside plant was mothballed and sold in 2009/2010; the long products division including the steelworks at Scunthorpe was sold for a nominal sum to Greybull Capital in April 2016.
- ^ Barry, Sion (28 June 2021). "Tata says break up of European business will only see small number of job losses". Business Live. Retrieved 31 May 2022.
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