Epic Update : Tata Steel

Tata Steel , the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, regional chief executive Karl-Ulrich Köhler said.

Indian steel tycoon Lakshmi Mittal, the biggest shareholder in ArcelorMittal , ran into a political storm in France last year over plans to permanently close the two blast furnaces at its plant at Florange.

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