Tata Steel has not made any purchase of PCI coal from Russia post its April announcement of severing business ties with Russia amid the ongoing conflict with Ukraine, a company spokesperson said. On April 20, Tata Steel had said it would stop doing business with Russia. To ensure business continuity, all its steel manufacturing sites […]
The Indian steel sector outlook, on the back of strong domestic demand from government and private sectors, is likely to remain firm amid concern of global demand uncertainties in the current fiscal. Tata Steel expects that demand and prices will remain strong as China will no longer be adding 50-60 million tonnes to its capacity […]
Tata Steel said its consolidated steel output stood at 7.57 million tonnes for the quarter ended March 31, 2022, registering a year-on-year fall of about 3 per cent. The company had produced 7.80 million tonnes of steel during the January-March quarter of financial year (FY) 2020-21, Tata Steel said in a statement. Its total sales, […]
In a report published recently, Moody’s Investors Service has said the combination of steady progress in vaccinating people and rising government spending on infrastructure will support a sustained recovery in Indian economic activity. This, in turn, will give a fillip to demand for steel and cement required for infrastructure building and construction activities. Besides Moody’s, […]
Tata Steel said that the crude steel production of its India business increased by 4.3 per cent to 4.80 million tonnes in Q3 FY22 from 4.60 million tonnes in Q3 FY21. Delivery volumes of Tata Steel India fell by 5.2 per cent YoY to 4.41 million tonnes in the third quarter. During Q3 FY22, crude […]
Tata Steel will focus on augmenting iron ore production from 30 million tonne per annum (mtpa) to 45 mtpa in the next five years, a company official said. The total iron ore production from the steelmakers’ captive mines in Noamundi in Jharkhand and in Katamati, Joda and Khondbond blocks in Odisha, is about 30 mtpa. […]
Driven by the market dynamics, steel prices in the country have risen but are still competitive as compared to prices of the metal in the international markets, a steel ministry official said during a CII meet. Steelmakers in the country have reportedly raised prices of benchmark hot-rolled coil by up to Rs 3,500 a tonne […]
Tata Steel reported a 7 per cent rise in consolidated steel output to 7.78 million tonnes (MT) for the July-September period this ongoing fiscal, FY 2021-22. The company’s consolidated steel production was 7.25 million tonnes in the same period last year, Tata Steel said in a statement. Tata Steel’s consolidated sales during the quarter under […]
Tata Steel has planned a capital expenditure of Rs 3,000 crore for its European operations as its focus is to make the business “stronger”, the company’s CEO and Managing Director T V Narendran said, while responding to a question related to the company’s strategy with respect to the Europe business, which Tata Steel could not sell […]
Tata Steel posted a consolidated net profit of Rs 9,768.34 crore for June quarter 2021-22. In the year-ago period, the company incurred a net loss of Rs 4,648.13 crore, Tata Steel said in a BSE filing. Total income soared to Rs 53,534.04 crore during the quarter under review from Rs 25,662.43 crore a year ago. […]
