Tata Steel Completes Deal for Singapore Steel Company

Tata Steel, India’s largest steel company, completed the acquisition of Singapore’s largest steel company, NatSteel Asia., which has operations in seven countries — Singapore, Thailand, China, Malaysia, Vietnam, the Philippines and Australia. 

The acquisition will increase Tata’s capacity to 6 million metric tons per year, a 50 percent increase from its present production capacity. Further, once the company completes its expansion project at its Jamshedpur later this year.

Tata Steel will supply semi-finished steel and billets to all NatSteel manufacturing facilities. At the time of signing the agreement in August, Muthuraman had said, “NatSteel sources scrap for producing its products. However, we will be now supplying semis to NatSteel from Tata Steel’s existing resources in India.”