Tata Steel and ThyssenKrupp have proposed combining their steel operations in Europe to form the region's second-biggest steelmaker.
Thyssenkrupp Mining News
Analysts have said that due to pressure on steel prices, the third quarter could be the last good quarter for steelmakers before a long period of muted growth.
The commission has set an April 29 deadline to rule on the transaction, which would create Europe’s second-largest steelmaker after ArcelorMittal.
Force majeure declared due to the Rhine river's low water levels.
The head of the Thyssenkrupp foundation ruled out a break-up of the German steel-to-submarines conglomerate.
Thyssenkrupp's joint venture with Tata Steel - to be named Thyssenkrupp Tata Steel - will have around 48,000 workers and about 17 billion euros in sales.
Investors becoming impatient with pace of its restructuring, putting pressure on CEO Hiesinger to fix underperforming units and revive flagging share price.