Picture of Tata Steel France Rail plant in the French northeastern town of Hayange, during the inauguration day of this rail facility on September 29, 2011. Tata Steel invested 35 millions euros, the largest and the most significant at Hayange for more than a decade, and can now produce longer 108-metre rails for the high-speed networks in France as well as other European railways. AFP PHOTO / JEAN-CHRISTOPHE VERHAEGEN (Photo credit should read JEAN-CHRISTOPHE VERHAEGEN/AFP/Getty Images)
Costs related to the sale of its Scunthorpe operations pushed Tata Steel into the red for its first quarter.
The Indian company lost 32.9bn rupees (£370m) when it sold its European long products division, based in North Lincolnshire, to Greybull Capital in April for a nominal sum.
Tata Steel made
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