The collaboration is aimed at paving the way for large-scale imports of liquid hydrogen into Europe. It was signed during the state visit of His Majesty the Sultan of Oman to the Netherlands, in the presence of Reinette Klever, the Minister of Foreign Trade. The agreement was signed by a total of eleven parties, including […]
Tata Steel on Wednesday said it will cut down around 1,600 jobs in the Netherlands in order to increase profitability amidst fierce competition due to the ongoing tariff war between China and the U.S. on the rising import tariffs. The decision will reduce Tata’s Dutch workforce by roughly 20%, mainly in their large steel plant […]
After China announced its plans to restructure its steel industry to cut its total output, there was a surge in the share of steel stock on March 5. The latest plans by China are expected to reduce cheap steel dumping into the Indian market, acting as a major positive to the domestic steel companies. Welspun Corp’s shares […]
Tata Steel’s managing director, TV Narendran, advocated the implementation of safeguard duties on imported steel aimed at protecting India’s steel sector from the impacts of tariff increases imposed by the US. ” It’s not that India is exporting a lot of steel to the US, but the steel which used to end up in US […]
Tata Steel’s proposal to construct a £1.25 billion electric arc furnace (EAF) at its Port Talbot steelworks has been approved by the official from the Port Talbot planning committee. With construction set to commence this summer, the new facility is expected to be fully operational by early 2028. Designed to primarily process scrap steel, the […]
A main contractor has been appointed to support Tata Steel’s £1.25bn green steel-making project at its Port Talbot steelworks site. UK construction and civil engineering firm Sir Robert McAlpine has been appointed to oversee the primary civil, structural, and building works for the development of a new electric arc furnace in the town. According to reports, the […]
Chief Financial Officer Koushik Chatterjee stated that Tata Steel’s growth strategy will prioritize financial prudence, ensuring that expansion does not come at the cost of rising debt. The company plans to balance internal accruals and deleveraging to sustain its financial health. Tata Steel has revised its breakeven timeline for UK operations, projecting a delay of six […]
Tata Steel and JSW Steel saw significant gains as the Directorate General of Trade Remedies (DGTR) launched an investigation into rising steel imports. Analysts anticipate structural relief measures, with price targets set at ₹190 for Tata Steel and ₹1,085 for JSW Steel. Shares of Tata Steel and JSW Steel surged on December 23 after the […]
Mumbai: The passing of Ratan Tata at the age of 86 was reported on Wednesday October 9, 2024. He had been undergoing intensive care in a Mumbai hospital, reported Reuters earlier on Wednesday. Among his many awards, he received the Padma Vibhushan, India’s second highest civilian honour, in 2008 for his exceptional and distinguished service […]
South Wales – Tata Steel’s Port Talbot plant, the largest steelworks in the UK, has, for almost a century, stopped production officially, leading to a very critical day in the country’s economic and industrial sector. The shuttering is anticipated to cause nearly 3,000 job cuts and affect thousands more in the region of South Wales through the […]
