Steel giant Tata Steel is to invest €800m at the former Hoogovens plant in IJmuiden over the next five years, CEO Karl-Ulrich Koehler is reported as saying by broadcaster RTLZ.

‘We invest in our sites. We do that despite the financial cloudy skies that we have,’ Koehler said in a news briefing on the sidelines of the annual World Steel Association conference in Paris.
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