TopTip completed the acquisition of NatSteel from Tata Steel for $172m.

TopTip, an international trading company, completed the acquisition of NatSteel, a manufacturer of premium reinforcement steel products, from Tata Steel, a crude steel provider, for $172m. Tata Steel will continue to own the wires business of NatSteel in Thailand (Siam Industrial Wires) as part of its downstream portfolio.