India's Tata Steel, one of the world's biggest steelmakers, has announced a $1.6bn (£1bn; 1.34bn euros) writedown on the value of its European assets.
The Scunthorpe steelworks were bought as part of Tata's purchase of Corus
The company, which paid $13.7bn for Anglo-Dutch steelmaker Corus in 2008, blamed weak European markets.
Tata...
