europe

Tata Steel seeks financial aid for Netherlands unit – ET Infra

After securing a funding in the UK, Tata Steel is looking for a financial aid from the Netherlands government to execute its decarbonization plans. In October 2021, Tata Steel completed the process of separating Tata Steel UK and Tata Steel Netherlands as two independent companies from Tata Steel Europe. “In Netherlands, we will shortly be […]

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Tata Steel reports Rs 6,511 cr Q2 loss on impairment costs from UK – ET Infra

Asia’s oldest steel maker, Tata Steel, slipped deep into the red in the September quarter as it took on books exceptional losses of nearly ₹6,900 crore related to the impairment of its heavy-end assets, and restructuring costs relating to UK operations. The company reported a consolidated net loss of ₹6,511.16 crore for the period as

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Tata Steel consolidated output falls 3.2% to 7.26 mn tonne in July-Sep – ET Infra

Tata Steel has posted a 3.2 per cent decline in consolidated production to 7.26 million tonne during the second quarter of the ongoing fiscal. Its consolidated output was at 7.5 MT in the year-ago period, Tata Steel said in a statement. The consolidated deliveries during the period were at 6.89 MT as against 7.06 MT

Tata Steel consolidated output falls 3.2% to 7.26 mn tonne in July-Sep – ET Infra Read More »

Indian steel tycoon Jindal seeks tariff on imports – ET Infra

Indian steel tycoon Sajjan Jindal wants the government to counter American tariffs and Europe’s carbon tax with a similar levy, to level the playing field for companies like his. In an interview in New Delhi, the chairman of JSW Group spoke about the outlook for flagship JSW Steel Ltd. and confirmed a Bloomberg News report

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Indian steel tycoon Jindal seeks tariff on imports – ET Infra

Indian steel tycoon Sajjan Jindal wants the government to counter American tariffs and Europe’s carbon tax with a similar levy, to level the playing field for companies like his. In an interview in New Delhi, the chairman of JSW Group spoke about the outlook for flagship JSW Steel Ltd. and confirmed a Bloomberg News report

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India’s April finished steel imports from China hit five-year high – ET Infra

NEW DELHI: India‘s finished steel purchases from China touched a five-year high in April, and the country’s overall imports of the alloy reached a four-year high, according to provisional government data reviewed by Reuters. In April, China emerged as the second-biggest steel exporter to India by shipping out 0.1 million tonnes, up 79% year on

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Local steel prices may fall further on China exports – ET Infra

MUMBAI: Steel prices in the domestic market, which have been under pressure since late March, may fall further after a sharp surge in exports from China at lower prices that is seen undercutting exports from India amid weakening global demand. At around Rs 57,000 per tonne, prices of hot-rolled coils in May are down by

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