IN their last year in charge of the Scunthorpe Tata Steel works, the Indian owners made a pre-tax loss of £71 million on its European operations.
The loss for the year ending March 31 of £71 million announced today (May 25) compared to a £435 million profit in 2014-15.
Tata Steel Europe's fortunes however started to improve in the last quarter of the year when losses were £37 million compared to £68 million in the three months prior.
Turn-over for the year at...
