Tata Steel

Over the past two years, the parties have been unable to reach firm agreements

The company predicts a drop in prices both in India and in Europe

In April-June, steel production increased by 2% y/y

In this period, the company plans capital expenditures in the amount of $1.95 billion

The technology developed by the SMS group will be demonstrated at the Tata Steel plant in India

The force majeure was caused by difficulties with the modernization of the rolling mill

The company sees enough opportunities to increase production capacity to 40 million tons per year

In 2022, global steel production decreased by 4% due to geopolitical challenges, the war in Ukraine and the energy crisis

The company notes that costs will decrease due to the drop in energy prices

The company expects to receive financial support from the British government within 12-24 months

Indian plant testing aims to reduce coke use and reduce carbon emissions

The company plans to start green steel production at its IJmuiden plant in the Netherlands in 2030