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Tata Steel commissions steel recycling plant in Haryana
Wed, 18 Aug 2021 00:00:00 GMT
Steel Scrap is a valuable resource and an important future Raw Material for steel making. Recycling scrap ensures the closure of the Circular Economy loop, Yogesh Bedi, Chief Steel Recycling Business, Tata Steel

Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Wed, 18 Aug 2021 00:00:00 GMT
India-based Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per

Firm demand, prices to fire up Tata Steel
Mon, 16 Aug 2021 00:00:00 GMT
Tata Steel didnt exactly enjoy a blistering Indian summer in Europe through the three months to June, but the robustness of home demand and buoyancy in exports added sufficient lustre to its bottom-line performance through a period of episodic lockdowns

GFG settles Tata dispute, eyes UK production restart
Fri, 06 Aug 2021 00:00:00 GMT
GFG Alliance has reached an agreement in its legal dispute with Tata Steel, it tellsKallanish. The groups Liberty Steel UK (LSUK) unit is developing a business plan to allow it to resume production, which remains intermittent at the Rotherham plant. Tata Steel launched court proceedings earlier this year against Liberty Speciality Steels, Liberty House

UK business of Tata Steel continues to teeter on the brink
Tue, 03 Aug 2021 00:00:00 GMT
Tata Steel Europe (TSE) posted an operating profit in the fourth quarter (January-March) of fiscal 2021, after making losses for several quarters, due to the commodity boom. But in the UK, it is seen as dependent on funds from the government or the parent company, even as the Dutch unit is operating with more

Tata Steel April-June crude steel output up 55% YoY to 4.62 million ...
Tue, 06 Jul 2021 00:00:00 GMT
Tata Steel crude steel production grew 55 per cent in Q1FY22 to 4.62 million tonnes as against the same period last year which was impacted due to the Covid-19 pandemic and the stringent nationwide lockdown. Tata Steel India deliveries increased by 42 per cent in the period under review to 4.15 million tonnes on a year-on-year basis. During the quarter, the companys crude steel production declined 2.6 per cent sequentially due to the supply of over 47,800 tonnes of liquid medical oxygen to

Tata Europe units developing separately, EAFs still considered
Fri, 25 Jun 2021 00:00:00 GMT
Tata Steel Europe is ploughing ahead with the separation of its Netherlands and UK operations into distinct units to allow them to develop differently according to the conditions of each country, says Tata Steel Europe chief executive Henrik Adam. The firm is still considering electric arc furnaces for its Port Talbot works, but a

Tata Steel may pay $1 billion offshore loans early as cash flow ...
Mon, 07 Jun 2021 00:00:00 GMT
The nations biggest and oldest steelmaker has already cut its debt by more than $3 billion in the past three years. Strong global demand and high prices for steel since last year have increased the companys cash flow, allowing Tata Steel to continue with debt reduction as it seeks to lower interest cost and increase future

European tight steel supply seen continuing through year-end: ...
Fri, 04 Jun 2021 00:00:00 GMT
The European steel supply shortfall will likely continue until next year, Chris Wooffindin, manager of price policy and forecasting at Tata Steel Europe, said during a webinar organized by Eurometal on June 3. The imbalance between demand and supply has been the leitmotif of 2021 and it is likely to continue until the end

Steel companies likely to add 29 million tonnes capacity in five ...
Fri, 28 May 2021 00:00:00 GMT
Steel companies are looking to restart expansion projects on the back of surging steel prices. In the next five years, about 29 million tonnes capacity is likely to be added, with most of it expected by FY2024. JSW Steel is looking to add 14.8 million tonnes across Dolvi (Maharashtra), Vijaynagar (Karnataka) and at Bhushan Power & Steel facility in Jharsuguda (Odisha). Tata Steel has restarted its five million tonne expansion project at Kalinganagar (Odisha). Jindal Steel & Power

Tata Steel, SAIL: Will metal stocks correct further Here's what ...
Tue, 25 May 2021 00:00:00 GMT
If Tata Steel's stock does not recover the gap-down range, the downside bias may drag it towards Rs 1040 levels.

India: Steel companies deleveraging accelerates
Wed, 12 May 2021 00:00:00 GMT
Indias major steel companies are taking advantage of the rise in metal prices to deleverage their balance sheets and speed up debt repayments. Large steel companies such as Tata Steel, Steel Authority of India Ltd (SAIL) and Jindal Steel and Power Ltd (JSPL) are among the companies that have reduced debt between 28% and 31% in the recent quarters. As steel prices remain firm amid a demand surge in global markets, Indian steel companies are expected to accelerate the pace of debt reduction

Number of Tata Steel business news reports: 12
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