LONDON — India’s Tata Steel said on Friday it had entered discussions with industry players including Germany’s ThyssenKrupp over a possible joint venture for its European operations, as a potential alternative to selling off the UK business.The firm has been considering seven bids for Tata’s UK assets, which were put up for sale in March because of a global oversupply of steel, cheap imports into Europe, high costs and currency volatility.But it said continuing questions over pensions and the "uncertainties" caused by Britain’s vote to leave the European Union (EU) had caused it to look at "alternative and more sustainable portfolio solutions for the European business"."Tata Steel has now entered into discussions with strategic players in the steel industry, including ThyssenKrupp AG," the company said in a statement. "Discussions have been initiated to explore the feasibility of strategic collaborations through a potential joint venture. "However, the talks are currently at a prel...
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