In a notable disclosure, Tata Steel has reported its production and delivery volumes for the fourth quarter of the fiscal year 2024 (4QFY24) and for the fiscal year 2024 (FY2024) in its entirety. The figures, all expressed in million tons, shed light on the operations of Tata Steel across different regions, including India, the Netherlands, […]
Nippon Steel Corporation (NSC), Japan’s leading steelmaker and a global industry giant, has announced a definitive agreement to acquire United States Steel Corporation (NYSE: X) in an all-cash transaction valued at approximately $14.9 billion, including debt assumption. The deal sets the purchase price at $55.00 per share, a 40% premium over U.S. Steel’s closing stock […]
Tata Steel has released its financial report for the quarter ending June 30, 2023, showing a consolidated EBITDA of Rs 6,122 crores. The firm’s consolidated revenues for the quarter stood at Rs 59,490 crores, with an EBITDA margin of 10%. The net profit after tax was reported at Rs 525 crores, impacted by a non-cash […]
JSW Steel, an Indian steel manufacturer, said that it has become the first manufacturer to receive the GreenPro ecolabel for its ‘Automotive Steel’ products. The GreenPro ecolabel, developed by the Confederation of Indian Industry’s (CII) Green Business Centre, serves as a recognition of the highest standards of environmental sustainability and product performance within the Indian […]
Indian steelmaker Tata Steel said that it has completed the first multi-modal shipment of 960 tonnes of stainless steel TMT bars successfully, from the Haldia Port in West Bengal to Agartala in Tripura. On the 8th of January 2023, the MV Bulker I barge sailed from the Haldia Port. The first part of the journey […]
BMW Industries (BMWIL) has signed an agreement with Tata Steel (TSL) for converting CC billets into TMT rebars at its steel processing centre in Kolkata. The agreement comes with a price variation clause, said the Indian steel service centre (SSC). It is also long-term in nature and will be valid till 30 September 2025. BMW […]
Technology Metals Australia Limited, a vanadium developer, has signed a non-binding memorandum of understanding (MoU) with India-based Tata Steel Limited pertaining to the offtake of vanadium pentoxide and other downstream vanadium products. The Australian company is working towards the development of the Murchison Technology Metals Project (MTMP) in Western Australia, which is expected to yield […]
JSW Steel has reported production of 15.69 lakh tonnes of crude steel for the month of July 2022, an increase of 14% compared to 13.82 lakh tonnes of the same month in the previous year. The Indian steel company produced 10.72 lakh tonnes of flat rolled products in July 2022, which is a 15% increase […]
Steel and mining company ArcelorMittal has agreed to acquire Brazilian steelmaking company Companhia Siderurgica do Pecem (CSP) for around $2.2 billion. Companhia Siderurgica do Pecem produces slabs at its steel factory in Ceará state northeast Brazil. The steel facility has been producing since 2016. The Brazilian steelmaker operates a blast furnace with a capacity of […]
Tata Steel 1Q FY23 results : Tata Steel Limited has reported a profit after tax (PAT) of INR 7,714 crores for the first quarter of the fiscal year 2023 (1Q FY23), a 21% decrease compared to INR 9,768 crores in the same period of the previous fiscal year. In the previous quarter, that is 4Q […]