London/Bengaluru — India’s Tata Steel has agreed to sell its pipe mills in the north of England to UK-based metals and industrial group Liberty House for an undisclosed sum. The mills in Hartlepool employ 140 people and have a production capacity of more than 250,000 tonnes a year. Tata Steel, Britain’s largest steel maker, has been selling off parts of its UK business since 2016, when it announced talks to merge its British and European steel assets with those of Germany’s Thyssenkrupp. "With this sale, Tata Steel UK will complete its portfolio restructuring to focus on the strip products supply chain linked to Port Talbot," Bimlendra Jha, CEO of Tata Steel UK, said on Tuesday. "The sale is also an important step towards developing a more sustainable future for the rest of our UK business." In February, Tata signed a £100m deal to sell its speciality steel business to Liberty House, saving 1,700 jobs. Under Tuesday’s deal, Tata retained ownership of a tube mill in Hartlepool, which...
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