TATA Steel has released a statement following news it asked suppliers to slash their prices by 30 per cent. It was reported over the weekend that the company had sent a letter to its suppliers asking for an immediate 10 per cent cut followed by 30 per cent in the long run. Tata said the proposals are part of a consultation process and they have been "open about the challenges the business faces". It is understood the request was sent to suppliers of goods and services. A Tata Steel...
