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UK business of Tata Steel continues to teeter on the brink
Mon, 02 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

The week that was: Top 10 stocks that buzzed the most during ...
Sun, 09 May 2021 00:00:00 GMT
Tata Steel gained further 14.35 per cent to Rs 1,182.35 after performing much better than the Street expectations and earnings visibility for the next one year. Its Europe plant is expected to bolster its earnings going

Sanjeev Gupta sued by Tata Steel for late payments linked to ...
Fri, 07 May 2021 00:00:00 GMT
Tata Steel sued three of Sanjeev Gupta's metal units for GBP 7.9 million pounds ($11 million) over missed payments, piling more woes onto the embattled tycoon's corporate empire. The London lawsuit centers on the 2017 sale

Booming demand boosts Tata Steel Europe performance
Fri, 07 May 2021 00:00:00 GMT
Tata Steel Europe saw performance increase significantly during the fourth fiscal quarter through March, thanks to a jump in demand,Kallanishnotes. Deliveries increased 17% quarter-on-quarter and 3% year-on-year in the March quarter to almost 2.5mt. Ebitda jumped to $125 million. Crude steel production across Tata Steels European mills also returned to Q1 2020 levels, at

Why steel stocks have quadrupled in the last year
Thu, 06 May 2021 00:00:00 GMT
Investors are betting that elevated commodity prices will result in a deleveraging cycle that could significantly address the problem of high debt in the sector. As a result, steel stock prices are scraping the sky. This has driven the Nifty Metal index up 51.2% so far this year, while the broader market Nifty has risen only 3.7%, bogged down by rising covid-19 cases. Frontline steel stocks such as Tata Steel Ltd, JSW Steel Ltd and SAIL Ltd have more than quadrupled in the past year. Steel

Number of Tata Steel business news reports: 12
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