Steelmakers all over the world are facing a crisis of low demand and very low prices, which leave either slender or no margin for producers. Let us consider the case of ArcelorMittal, the world's largest steel producer.
Terming Tata Steel's facility here a milestone in Odisha's industrial progress, Chief Minister Naveen Patnaik said investment on the project could go up to Rs 1 lakh crore by 2025."In the first phase, Rs 25,000 crore has been spent by Tata
Odisha Chief Minister Naveen Patnaik today dedicated the first phase of Tata Steel's 6 MTPA steel plant set up at an investment of Rs 25,000 crore to the nation amidst tight security as the project faced stiff opposition from locals since its inception.
Buy above Rs 235 with stop loss at Rs 226 and target Rs 252. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
Tata Steel wants to sell its plant in northern England to give it the “best chance of survival&" as the UK industry has been struggling under a flood of cheap steel being pumped in from China, which has depressed prices.
The business manufactures plates, sections, wire rod and semi-finished steel for different markets, including construction, ship-building and engineering, energy and wire drawers. These products are made at its mills in Teesside and Scunthorpe in the UK.
Shares of Tata Steel have dipped almost 4% to Rs 217 on the BSE on weak sales number in second quarter earnings. However, the company reported a consolidated net profit of Rs 1,529 crore in September quarter, up 22% from same period last year.
Tata Steel reported a consolidated net profit of Rs 1,529 crore in September quarter, up 22 per cent from same period last year. Net sales took a hit, on the back of lower expenses and higher other income.
The aerial target manufacturing facility proposed by Mumbai-based Sure Safety Solutions Ltd in collaboration with UK's Megitt Defence at Tata Steel's industrial park at Gopalpur, would start operations from February next year.
With surplus availability of iron ore in the domestic market, imports are likely to shrink to five million tonnes (mt) in the current financial year, compared with 15 mt in 2014-15.According to Manish Kharbanda, executive director and group head (mines &