 "steel plant, steel, steel factory")
Tata Steel said on Monday that it proposed to close two sites in the United Kingdom, affecting around 400 jobs.
The company in May 2018 had announced about the potential sale of five non-core businesses. Buyers had been found for Kalzip and Firsteel earlier, a move that helped secure 275 jobs. Tata Steel on Monday said that it had signed a sales and purchase agreement with Japanese steel giant JFE Shoji Trade Corporate for Cogent Power Inc (CPI), which is part of Cogent Electrical Steels, one of the five non-core businesses. CPI manufactures cores for electrical distribution transformers and employs
