Tata Steel bosses have announced that the value of the firm's assets has dropped.A significant fall in European demand has been blamed for the so-called writedown in the value of the company's assets.A statement from Tata Steel said: "The company expects non-cash write down of the goodwill and assets in the consolidated financial statements for the year ended March 31, 2013 of around USD 1.6 billion.""The impairment is primarily due to a weaker macroeconomic and market environment...
