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Tata Steel

Tata Steel seeks safeguard duties on imports amid US tariff concerns

Tata Steel's managing director TV Narendran on Tuesday pitched for safeguard duties on steel imports to protect the domestic steel industry from the indirect impact of US tariff hikes. He said many countries have initiated similar actions on steel imports, pointing out that the last three days have seen Vietnam imposing an anti-dumping duty on Chinese steel imports, and South Korea has also taken a similar decision. "We are asking for safeguard duties, which can be imposed immediately to help us," Narendran told reporters on the sidelines of the tech industry lobby grouping Nasscom's annual event NTLF here. After assuming office as the US President last month, Donald Trump ordered a 25 per cent import tax on all steel and aluminium entering the US and ended exemptions given to Canada and European steel earlier. Narendran said the Indian Steel Association has already made a submission to the government for safeguard duty, and added that it has pitched for a safeguard duty instead of

Updated On: 25 Feb 2025 | 9:15 PM IST

Waiting for govt to act on rising steel imports: Tata Steel CEO Narendran

The industry is waiting for an action from the government to check steel imports, which are affecting the domestic players, Tata Steel CEO T V Narendran said on Friday. He also warned future investments in the steel sector getting impacted due to present situation of surging imports. The steel industry has been one of the biggest private sector investors over the last few years. All players in the industry have announced big expansion plans. One round of expansion is getting completed, he told PTI on the sidelines of 69th Foundation Day of All India Management Association (AIMA) in the national capital. A lot of steel which can't find other markets end up in India and depress prices here to levels at which the steel company struggle to have healthy cash flows, Narendran, who is also the Senior Vice President of AIMA, said. At some point in time, future investments can't get impacted, he said. The comments assume significance as India aims to take its overall installed steel ...

Updated On: 21 Feb 2025 | 2:32 PM IST

Here's why Tata Steel share was in demand on February 19, key details here

Tata Steel shares rose after it announced that the Neath Port Talbot Council's Planning Committee has approved its proposal for state-of-the-art Electric Arc Furnace steelmaking at Port Talbot

Updated On: 19 Feb 2025 | 12:58 PM IST

Stocks to Watch, Feb 19, 2025: L&T, Concor, Airtel, Akzo Nobel, Power Grid

Stocks to Watch, Feb 19, 2025: From Airtel to L&T, here is a list of few stocks that will remain in focus today

Updated On: 19 Feb 2025 | 7:48 AM IST

Tata Steel's electric arc furnace project in Port Talbot gets approval

"This £1.25 billion investment is the most significant made in the UK steel industry in decades"

Updated On: 18 Feb 2025 | 10:33 PM IST

Tata Steel likely to tap corporate bond market after near 1-year hiatus

Tata Steel is likely to raise around Rs 3,000 crore ($345.6 million) through this bond issue

Updated On: 13 Feb 2025 | 10:46 AM IST

9 months, Rs 1.62 trillion: Apple iPhone revenue closes in on Tata Steel

Market revenue is the amount a company earns from selling its products in domestic and export markets

Updated On: 11 Feb 2025 | 11:19 PM IST

Tata Steel, SAIL: Outlook for Indian steel stocks on Trump tariff woes

Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.

Updated On: 10 Feb 2025 | 11:54 AM IST

Trump's steel tariff threat hammers related stocks; Nifty Metal falls 3%

Steel tariff Trump news: US President Donald Trump may announce a 25-per cent tariff across all the imports of steel and aluminum as early as Monday

Updated On: 10 Feb 2025 | 10:07 AM IST

Built over 550 AI models in 5-6 yrs to enhance output, quality: Tata Steel

Tata Steel on Tuesday said it has invested significantly in cutting-edge generative Artificial Intelligence (AI) platforms and built over 550 models to enhance output, productivity and quality. The steel giant claimed that it is at the forefront of technological transformation through the integration of AI and industry technologies. "In the last 5-6 years, the company has built over 550 AI models for enhancing yield, energy, throughput, quality and productivity, stakeholder experience, safety, and sustainability," the company said in a statement. The steelmaker also said, "The company has invested significantly in cutting-edge generative AI platforms which are now powering automated insights, conversational interfaces, and addressing hard-to-solve use cases by combining the abilities of conventional (mathematical) AI with the creative capacities of Generative AI." By focusing on AI's practical applications, Tata Steel continues to redefine the industry with initiatives that combine

Updated On: 04 Feb 2025 | 10:59 PM IST

Nifty Metal eyes 15% fall if it breaks 7,900; these stocks may be worst hit

The Nifty Metal index was seen testing the 100-WMA (Weekly Moving Average) support for the third time in the last 4 weeks. Similarly metal stocks too are testing long-term supports; check levels here.

Updated On: 03 Feb 2025 | 11:28 AM IST

Tata Steel becomes 'India's 1st' to develop hydrogen transportation pipes

The newly developed pipes can transport 100 per cent pure gaseous hydrogen under high pressure (100 bar)

Updated On: 29 Jan 2025 | 11:36 PM IST

Analysts see long term growth intact for Tata Steel after Q3 tops estimates

Despite near-term challenges such as high imports and lower realisations, the long-term outlook for Tata Steel remains positive, analsyts at Motilal Oswal said

Updated On: 29 Jan 2025 | 9:34 AM IST

Tata Steel expects stable realisations in India for March quarter

Tata Steel management projected flat realisations for the Indian market in the fourth quarter with potential upside contingent on significant changes in the upcoming Union budget or government safeguards. However, coking coal costs in India are expected to reduce by USD10 per tonne quarter-on-quarter, providing some relief to the company, the management told analysts in a concall. The steel industry was seeking safeguard duty against cheap imports. The Directorate General of Trade Remedies (DGTR), has also started an investigation into imports of 'Non-Alloy and Alloy Steel Flat Products', used in various industries, including fabrication, pipe making, construction, capital goods, auto, tractors, bicycles, and electrical panels. Tata Steel, on the European front, anticipates lower realisations in both the UK and Netherlands due to annual contract renewals at the calendar year-end. In the UK, realisations are expected to decline by 60 Pound per tonne quarter-on-quarter, driven by a

Updated On: 28 Jan 2025 | 8:22 PM IST

Tata Steel Q3 results: Net profit down 36% to Rs 326 cr on subdued prices

Total revenue on a consolidated basis stood at Rs 53,648 cr in Q3, down 3.01%

Updated On: 27 Jan 2025 | 11:19 PM IST

Tata Steel Q3 preview: Analysts estimate losses; revenue may fall up to 7%

On the bourses, Tata Steel shares closed 0.38 per cent lower at Rs 130. In comparison, BSE Sensex settled 0.43 per cent lower at 76,190.46 levels, on Friday, January 24, 2025

Updated On: 27 Jan 2025 | 10:56 PM IST

Tata Steel Q3 result: Net profit drops 43% to Rs 295 cr due to lower income

Tata Steel on Monday reported a 43.4 per cent decline in consolidated net profit to Rs 295.49 crore for the quarter ended on December 31, 2024, due to lower income. The company had posted a consolidated net profit of Rs 522.14 crore in the year-ago period. The consolidated income declined to Rs 53,869.33 crore in the October-December period from Rs 55,539.77 crore in the corresponding quarter of the previous fiscal, according to an exchange filing by Tata Steel. Total expenses of Tata Steel dropped to Rs 52,118.09 crore over 53,351.13 in the year-ago period. The steel major had earlier said that its India crude steel production grew by 6 per cent to 5.68 million tonnes (MT) in the third quarter of the current fiscal compared to 5.35 MT in the corresponding quarter of the previous fiscal. Deliveries in India reached 5.29 MT for the third quarter, up 8.4 per cent Y-o-Y, due to steady sales in the domestic market and strategic presence in exports. Tata Steel Netherlands reported liq

Updated On: 27 Jan 2025 | 7:20 PM IST

Q3 results Jan 27: Coal India, Tata Steel among 78 to post earnings today

Q3FY25 company results, January 27: Coal India, Bajaj Housing Finance, Canara Bank, and ACC will release their reports for the Oct-Dec 2024 quarter

Updated On: 27 Jan 2025 | 9:48 AM IST

Markets Today: ICICI Bank, Tata Steel Q3; FIIs; Denta Water IPO allotment

In the previous session, the Sensex declined 329.92 points, or 0.43 per cent to 76,190.46. Similarly, the Nifty50 ended the day 113.15 points, or 0.49 per cent, lower at 23,092.20

Updated On: 27 Jan 2025 | 7:14 AM IST

Tata Steel to decommission India's first stamp charge coke oven battery

Tata Steel on Sunday issued an advisory about the decommissioning process of its coke oven battery #7 at its Jamshedpur works on January 27 to avoid misinterpretation of the flaring that will occur during the procedure for retiring the battery. India's first stamp charge coke oven battery, which remained operational for 36 years, produced over 12 million tonnes of coke and revolutionised the steel industry, the company said in a statement. The decommissioning process will involve isolating the battery from the by-product plant foul gas suction network. During the shutdown, raw gas from the ovens will be safely flared from oven top flares and ascension pipes as per standard operating procedures, the statement said. Flaring will commence at 9 am and continue for nearly 24 hours, the statement added. The steel major emphasised that this was a planned and controlled activity, and the flaring observed during this time is entirely safe.

Updated On: 26 Jan 2025 | 8:30 PM IST