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Steel companies engage with vaccine makers for bulk supply of ...
Mon, 18 Jan 2021 00:00:00 GMT
Domestic steel makers like -- Tata Steel, ArcelorMittal Nippon Steel India (AMNS India) and Rashtriya Ispat Nigam Ltd (RINL) said they will continue to support the government in the nationwide drive and will wait till vaccines are available for


Tata Steels sales momentum continues as Q3 production grows 3% ...
Mon, 11 Jan 2021 00:00:00 GMT
Tata Steel India reported a 3% year-on-year growth in its crude steel production at 4.60 million tonne for the third quarter of the current fiscal with momentum continuing in sales, though constrained by lower opening inventory post a stronger sales during the second quarter of the fiscal. Deliveries were 4.66 MT in the third quarter, lower by 8% quarter-on quarter and 4% y-o-y. Domestic deliveries sharply ramped up to 4.16 MT. Exports shrank below 11% of overall deliveries. Automotive &


Metal stocks surge as steel producers hike prices again on buoyant ...
Wed, 06 Jan 2021 00:00:00 GMT
The rally in metal stocks continued on Monday, with steel companies announcing another round of price hike of 1,500 a tonne for hot-rolled coil in January. Similarly, TMT rebar prices were hiked by 2,400 a tonne as the demand from infrastructure and real estate projects is looking up. The industry is preparing for another price increase of 3,000 a tonne by mid-January as the domestic prices are still at discount to international rates . Tata Steel and JSW Steel touched a new 52-week high


FY22 outlook: Steel demand should grow at GDP growth rate, says ...
Mon, 04 Jan 2021 00:00:00 GMT
Tata Steel CEO and managing director T V Narendran on Wednesday said the steel demand in the country should grow at least at the rate of GDP growth or higher in FY22. He expressed optimism about the demand for steel in India in 2021, backed by inflow of funds from across sectors and an uptick in the overall consumption; governments efforts to improve infrastructure, coupled with the Atmanirbhar Bharat policy and the Production Linked Incentive (PLI) initiative. Additionally, the


EU steel market's demand recovery to boost Tata Steel Europe's ...
Tue, 24 Nov 2020 00:00:00 GMT
Top steelmakers in Europe have raised prices of carbon steel something that would have a material impact on their performances. So much so that Tata Steel Europe may post positive earnings in Q3 and Q4, say


Tata Steel tests coking coal samples from Russia for producing ...
Mon, 23 Nov 2020 00:00:00 GMT
JSW Steel, Tata Steel and Jindal Steel and Power Ltd have introduced exclusive pricing schemes for MSMEs, while ArcelorMittal Nippon Steel (AMNS) said that they always supply steel at export-parity prices for


Tata Steel: CEO calls for UK government funding help
Fri, 20 Nov 2020 00:00:00 GMT
Tata Steel needs substantive and permanent financial support to keep its UK operations running, its boss has said. TV Narendran told Indian business website Money Control its UK operations were within sight of being self-sustainable. It comes after the companys former head of strategy said Tata has to find a way out of its UK steel operation. The UK government said it would continue to work with Tata. The Indian steel giant plans to sell its Netherlands-based operations, which raised


Due diligence for Netherlands business sale to complete in next ...
Tue, 17 Nov 2020 00:00:00 GMT
The company has also initiated the process to separate Tata Steel Netherlands and Tata Steel UK and will pursue separate strategic paths for both the businesses in the


Tata to separate European units, enters SSAB talks for Dutch ...
Mon, 16 Nov 2020 00:00:00 GMT
Steelmaker Tata Steel will separate its UK and Dutch units as it has entered talks to sell the Dutch IJmuiden mill and downstream assets to Swedish steelmaker SSAB, Tata Steel said Nov. 13. According to Tata Steel, the takeover talks were initiated by SSAB. Discussions with the Supervisory Board and Board of Management of


Tata Steel in talks with Sweden-based steelmaker SSAB to sell ...
Sat, 14 Nov 2020 00:00:00 GMT
Tata Steel Ltd on Friday confirmed its in talks with Sweden-based steelmaker SSAB to sell its Ijmuiden steelworks in Netherlands, the flagship unit belonging to Tata Steel


Tatas in talks to sell Dutch steel biz
Fri, 13 Nov 2020 14:32:35 GMT
Tata Steel on Friday confirmed that it is in discussions with Swedens SSAB for a potential sale of part of its European business. This is the Indian companys second major attempt to reduce its


Tata Steel in talks to sell Dutch arm to Swedens SSAB
Fri, 13 Nov 2020 09:36:00 GMT
Tata Steel is in talks with a Swedish rival over the potential sale of its Dutch business, a move likely to cast uncertainty over the future of Britains largest steelworks in Port Talbot. SSAB



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