Tata acquired Corus, the largest steel producer in the UK, for $12 billion in 2007. This created the world's fifth largest steelmaker and was India's largest foreign takeover at the time. The acquisition allowed Tata to gain access to global steel markets and expand production capacity. However, Corus' production was triple the size of Tata Steel and the deal led to initial losses as European steel sales fell during the financial crisis.

1. TATA & CORUS Date – 24 th July, 2011

10. CONTRIBUTION OF COUNTRIES TO GLOBAL STEEL INDUSTRY

11. Global Steel ranking Company Capacity(in million tonnes) Arcelor - Mittal 110 Nippon Steel 32 Posco 30.5 JEF Steel 30 Tata Steel - Corus 27.5 Bao steel China 23 US Steel 19