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"\nTata Steel has already started talks with other potential partners, said Tata Steel CFO and executive director Koushik Chatterjee in an exclusive interview to CNBC-TV18. On May 10, Tata Steel said the European Commission does not intend to clear its proposed joint venture with Germany's Thyssenkrupp.The two companies had agreed last year to combine their&amp;amp;nbsp;steel&amp;amp;nbsp;operations in Europe to form the region's second-biggest&amp;amp;nbsp;steelmaker.Chatterjee further said the company expects its European business to generate positive cash flows in the coming days. &amp;amp;ldquo;If you look at it from EBITDA per tonne perspective, $50 per tonne is not our target. Our more sustainable target for Europe is around $70-75 per tonne. That is the target we have been making investments for in Netherlands,&amp;amp;rdquo; Chatterjee added.He said, &amp;quot;Last year we had a significantly challenging operating year because we had our blast furnace at Port Talbot down for three to four months and had some issues in Netherlands.&amp;quot;Shares of Tata Steel were trading at Rs 483.25 per share on the BSE at 1302 hours, down 0.83 percent.\n"
<https://www.cnbctv18.com/infrastructure/talks-with-other-potential-partners-have-already-started-says-tata-steel-cfo-koushik-chatterjee-3308331.htm>