had submitted an expression of interest eoi for essar steel as well then said it would partner with nippon steel on this but eventually didnt participate however bids are being sought afresh for essar steel with all those who submitted eois being eligible to try again tata steel didnt comment on queries regarding its participation in the rebid with tata steel tipped to enter into a joint venture with thyssenkrupp of germany for its european steel business the focus is clearly back on india tata steels domestic capacity is 13 million tonnes which will be augmented by 56 million tonnes with the bhushan steel acquisition bhushan steel makes flat products like hot and coldrolled coil hrcr coils and galvanised sheets it also collaborated closely with sumitomo corp now nippon steel sumitomo metal corp incidentally tata steel has a 5149 joint venture with nippon steel for automotive steels that has a leading share of that market in india on march 7 tata steel said it had received a formal communication from the resolution professional of bhushan steel that it had been identified as the highest evaluated compliant resolution applicant to acquire a controlling stake in bhushan steel by rakhi mazumdar et bureau published on mar 24 2018 at 0845 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app bhushan steel insolvency raw material cci rbi icra ma n chandrasekaran industry tata steel ibc homenewsindustrytata steel on brink of buying bhushan steel awaits nclt cci green signal