Tata Steel on Tuesday released its financial results for the quarter ending Sept. 30. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Tata Steel reported profit after tax (PAT) of 31.16 billion rupees (USD $430.8 million) in the quarter, more than triple that of Q2 2017, when it hit 10.18 […]
Tag: Tata Steel
Tata Steel Aims to Unify Brand Ahead of Long-Term Capacity Goals
Much is happening at Tata Steel. To begin with, the Indian steel conglomerate announced it was looking at increasing its installed capacity from the present 18.5 million tons (MT) per annum to 30 MT by 2025. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In the near term, Tata wants […]
GOES MMI: Tata Steel-Thyssenkrupp JV Under Scrutiny for Grain-Oriented Electrical Steel
The much-publicized joint venture between Tata Steel and Thyssenkrupp will now go under the magnifying glass of the European Commission due to “preliminary competition concerns” around steel for automotive applications, metallic coated steel for packaging and grain-oriented electrical steel (GOES). According to a press release from the European Commission, the commission has concerns about reduced […]
This Morning in Metals: Brazilian Authorities Question Hydro Over Alunorte Stoppage
This morning in metals news, Brazilian authorities are questioning Norsk Hydro over its decision to halt operations at its Alunorte alumina refinery, the Thyssenkrupp–Tata Steel merger could be subject to merger control regulation and BHP says China’s Belt and Road Initiative could lead to a surge in copper demand. Need buying strategies for steel? Request […]
This Morning in Metals: Union Expresses Frustration in Contract Talks with U.S. Steel
This morning in metals news, contract talks between United Steelworkers and U.S. Steel have been “frustrating,” China’s scrap usage increased during the first six months of the year and Thyssenkrupp’s CEO says the firm will forge on with plans to merge its European operations with those of Tata Steel Need buying strategies for steel? Request […]
This Morning in Metals: Russian Aluminum Giant Rusal to Get the Cold Shoulder?
This morning in metals news, customers reportedly are set to avoid Rusal during a crucial upcoming industry gathering in Berlin, Tata Steel announces a new sustainable steelmaking procedure and NAFTA negotiations pick up again today after a long Wednesday night of talks. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Cold […]
This Morning in Metals: Mexican Steel Industry to Visit Washington to Talk Quotas
This morning in metals news, the Mexican steel industry has been invited to visit Washington to talk about the possibility of a steel quota (instead of the the 25% tariff), Tata Steel’s UK arm has posted losses this past year and China says trade talks this week were “constructive and candid.” Need buying strategies for […]
Tata Steel JV Expected to Bring Relief to its Indian Operations
Until a few years ago, Tata Steel was in the process of selling off most of its businesses in Europe because of the poor performance of steel globally. A few days ago, though, the Indian steel major announced its joint venture (JV) with German company thyssenkrupp. Need buying strategies for steel? Try two free months […]
Tata Steel and Thyssenkrupp Reach Final Agreement on Merger
Steel giants Tata Steel and thyssenkrupp have been talking about it since 2016, but now they have finally managed to reach an agreement to merge their European operations into a 50-50 joint-venture, according to the BBC. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The merged business, to be called thyssenkrupp […]
This Morning in Metals: ThyssenKrupp, Tata Reach Final JV Deal
This morning in metals news, ThyssenKrupp and Tata Steel have come to a final agreement on their joint venture deal, Canada hits the U.S. with tariffs on $13 billion in goods and President Trump says he will not agree to a new deal on the North American Free Trade Agreement (NAFTA) until after the midterm […]
