Corus saves 1,700 steel jobs
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Corus lifted a threat to 1,700 steelworkers&#39; jobs today by securing the future of a major operation in the north-east. The company ended speculation over the imminent shutdown of its Redcar site with the announcement
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Anglo-Dutch steel producer Corus yesterday reported its first profit since it was formed by the merger of British Steel and Hoogovens almost five years ago.
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The steel group Corus today announced pre-tax profits of Â£163m for the six months to the end of June - its first interim profits since its formation in 1999.
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Anglo-Dutch steelmaker Corus CS.L   CS.AS met forecasts with a 32 percent decline in first-half   core earnings but its shares fell after it warned there was no   sign of a let-up in cost pressures.
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Anglo-Dutch steel firm Corus says it is  accepting a revised Â£4.7bn takeover offer from Indian rival Tata Steel.
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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steelmaker after winning a battle for Anglo-Dutch steelmaker Corus Group  with a 6.2 billion pounds ($12 billion) offer.
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NEW DELHI -- India's Tata Steel said Wednesday it outbid Brazilian rival CSN to take over European steelmaker Corus Group PLC, offering $11.3 billion for the biggest-ever acquisition by an Indian company.
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Steelmaker Corus is ordered to pay nearly Â£300,000 after the death of one of its workers at its Trostre plant.
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Toll Holdings Ltd.'s  Pacific  National unit has won a A$1 billion ($780 million), seven-year  contract to transport steel for Bluescope Steel Ltd.   and OneSteel Ltd. , sending Toll's shares up 2.5  percent.
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Anglo-Dutch steel firm Corus says it is accepting a revised Â£4.7bn takeover offer from Indian rival Tata Steel.
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India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 5.75 billion pounds ($11.3 billion).
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Steel makers' gain is steel users' loss.
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Anglo-Dutch steelmaker Corus Group has swung into the black for the first time in its five-year history and says restructuring, a tight market and price hikes keep the outlook positive for 2004.
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ArcelorMittal , the world's largest steelmaker, said on Thursday it had received clearance from U.S. competition authorities to sell its Sparrows Point plant for an enterprise value of $1.35 billion.
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Anglo-Dutch steelmaker Corus    met forecasts with a 32 percent decline in first-half  core earnings but its shares fell after it warned there was no  sign of a let-up in cost pressures.
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India's Tata Steel  and Corus Group Plc  have agreed an increased takeover offer, valuing the Anglo-Dutch steelmaker at 500 pence per share, the firms said on Sunday.
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Attempts by competing Indian and Brazilian steelmakers to acquire a big British-Dutch producer, the Corus Group, turned into a bidding war on Monday.