Tata Steel

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Falling steel prices are a major problem – Tata Steel CEO

The issue of tariffs on steel imports to India is under active consideration

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Low steel prices affect Tata Steel’s performance in the UK and the Netherlands

The company notes that the global operating environment remains challenging

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Tata Steel increased steel production in India by 5% y/y in July-September

Domestic supplies increased by 5.8% year-on-year in this period

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Tata Steel Nederland cuts costs amid worsening market conditions

The company does not expect the steel market to recover after the summer

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Tata Steel expands steel capacity in Odisha

Indian steel producer has announced that it has commissioned the largest blast furnace in the country

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Tata Steel in April-June increased its net profit by 51% y/y

Total expenses in this period fell by 11% year-on-year

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Tata Steel increased its steel production by 12.6% y/y in Q2

Consolidated steel shipment for April-June increased by 3.9% y/y

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Tata Steel Netherlands starts producing steel with 30% recycled content

Zeremis Recycled products contribute to the cyclical use of steel and the reduction of CO2 emissions

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Danieli selected as green technology supplier for Tata Steel IJmuiden

The companies signed an agreement according to which Danieli will build a DRI production plant using Energiron technology in Ijmuiden

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Tata Steel Netherlands increased steel production by 24% q/q in Q1

Steel shipments increased by 10% q/q in 3 months

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The Netherlands supports €3 billion in green subsidies for Tata Steel IJmuiden

The funds will be used to modernize the enterprise and reduce its environmental impact

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Tata Steel plans capital investments of $2 billion in FY2024/2025

Most of the funds are earmarked for projects in India

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