German engineering giant Thyssenkrupp on Friday said they are in talks with other European companies including Tata Steel for consolidation of its steel making facility in Europe.

Speaking to reporters on the sidelines of a function to inaugurate a new elevator facility in Pune, Oliver Burkhard, a member of the executive board at Thyssenkrupp AG, said, “We expect consolidation in the European steel industry for steelmakers to stay afloat. We don’t know when and with whom we will close the deal but we are in talks with other European steel companies and the status of a merger with Tata Steel UK is where it was.”

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