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Robust sales, price hikes to drive earnings of steel companies
Wed, 14 Apr 2021 00:00:00 GMT
Steel stocks have been in demand in the wake of domestic firms reporting strong sales volume growth during the fourth quarter, indicating continuing steel demand momentum. The recent price hikes by steel manufacturers have also come on the back of the firm demand. Thus, with rising volumes and improving realizations, Indian manufacturers are set to report improved earnings. Share prices of Tata Steel Ltd, JSW Steel Ltd, Jindal Steel and Power Ltd (JSPL) and Steel Authority of India Ltd

Big traders ramp up derivative bets on SAIL
Sat, 10 Apr 2021 00:00:00 GMT
Analysts attribute the elevated trading interest to an ongoing rally in metal prices and SAIL trading at relatively cheaper valuations to peers such as Tata Steel and JSW Steel which are near and at record highs,

IndiGo, Tata Steel, State Bank likely to be in limelight today
Wed, 31 Mar 2021 23:55:04 GMT
IndiGo, Tata Steel and State Bank of India likely to be positive while Sun Pharma may be in the negative territory.

Tata Steel bets on expanding steel demand to double its capacity
Mon, 15 Feb 2021 00:00:00 GMT
Tata Steel has restarted work on a pellet plant and cold-roll mill complex expansion at Tata Steel Kalinganagar. It was halted due to the lockdowns. The expansion of the Kalinganagar plant to 8 mtpa from 3 mtpa will incur a cost of around Rs 25,000 crore, the company

SSAB ends talks with Tata Steel on Netherlands biz take over: ...
Sat, 30 Jan 2021 00:00:00 GMT
While announcing the Q2 results, steelmaker Tata Steel said that it was in discussions with SSAB concerning a possible acquisition of the IJmuiden steel mill and related downstream

Trending Now: SSAB ends Tata IJmuiden acquisition talks
Fri, 29 Jan 2021 00:00:00 GMT
SSAB has concluded discussions with Tata Steel over the possible acquisition of the IJmuiden steelworks. After deeper analysis following talks that began last November, SSAB says there were limited possibilities to include the Dutch works into its strategic framework. We have carefully evaluated Tata Steel IJmuiden and have concluded that an acquisition would be

SSAB pulls out of Tata Steel Europe deal
Fri, 29 Jan 2021 00:00:00 GMT
Swedish steel producer SSAB has withdrawn from discussions to buy Tata Steel Europes IJmuiden facility and downstream assets in the Netherlands, as there are limited possibilities to integrate them into its strategic framework and sustainability strategy, the company said today. The synergies that we saw in the transaction would not fully justify the costs

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

Number of Tata Steel news reports: 12
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