Tata Steel halts business with RussiaTATASTEEL - 129 Change: -0.80 (-0.62 %)
News: As per media sources, Tata Steel will stop doing business with Russia making it the latest global company to cut ties with the country amid the current Russia Ukraine conflict.
Views: Tata Steel does not have any operations or employees in Russia. Hence, to ensure business continuity, all the company's steel manufacturing sites in India, the UK and the Netherlands have sourced alternative supplies of raw materials to end its dependence on Russia. Hence, in the near term, this step is likely to have no material impact.