A BID has been launched to buy Corus's mothballed steel plant on Teesside.
STEEL giant Corus has won an order worth almost £200 million to supply pipes to energy giant Total for a new gas field project off the coast of Shetland.
A major steel plant which was handed a temporary reprieve will now close at the end of the week with the loss of 1,600 jobs.
STEELMAKER Corus offered a boost to hopes of recovery yesterday by announcing it would restart production at its Llanwern works in Wales because of a rise in the price of steel.
The steel industry was hit by a fresh jobs blow today with news that Corus is to axe over 2,000 posts following a slump in demand.
THE battle for steel firm Corus has been won by Indian company Tata Steel.
THE bid battle for Anglo-Dutch steelmaker Corus Group entered its final phase last night as the Takeover Panel started an auction between Brazil's CSN and India's Tata Steel.
TWO rival bidders are this week preparing for the start of a last-ditch bidding war for UK-Dutch steelmaker Corus.
STEELMAKER Corus shares rose to a seven-year high yesterday amid speculation India's Tata Steel could pay up to £5.7 billion in a bid battle for the UK-Dutch steelmaker.
THE chairman of the Indian steel company hoping to buy Anglo-Dutch firm Corus has indicated in a television interview that he might raise his offer for the company in order to trump a £4.9 billion bid from the Brazilian Companhia Siderugica Nacional (CSN).
A BITTER bidding war is being fought over Anglo-Dutch steel giant Corus between rival firms Tata Steel and Companhia Siderurgica Nacional (CSN).
CORUS, the Anglo-Dutch steelmaking group, said today it was benefiting from higher selling prices as profits continued to climb.
CORUS, the Anglo-Dutch steel group, has given Brazilian steel maker CSN extra time to see it if wants to table an offer.
STANDARD Life will net a £100m profit from the agreed sale of Corus to India's Tata Steel for £4.3 billion.
STANDARD Life is to make a profit of more than £100 million from its holding in the Anglo-Dutch steel firm Corus, if the proposed takeover of the company goes through.
CORUS, the British-Dutch steel group that agreed a £4.3 billion takeover by India's Tata Steel on Friday, could become the focus of an international bidding war, with both Brazil's CSN and Russia's Severstal circling the former British Steel.
IF CORUS shareholders approve Tata Group's £4.3bn takeover of the Anglo-British steelmaker it will be the largest-ever foreign takeover made by an Indian company.
CORUS directors yesterday gave their backing to a £4.3 billion takeover of the former British Steel company by India's Tata Steel.