Tata Steel

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Tata Steel to work on reducing carbon emissions with SMS group

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

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Tata Steel Nederland cancels force majeure at Eimeiden

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

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Tata Steel to double its steel production capacity in India by 2030

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

ANNOUNCEMENT: KALLANISH EUROPE STEEL MARKETS 2023

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

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Tata Steel expects better operations in Europe in July-September

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

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Tata Steel may consider curtailing some operations in the UK

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

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Tata Steel began testing hydrogen injection into a blast furnace

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

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Tata Steel plans to raise a $400 million green loan for the first time

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

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Tata Steel Europe notes improvement in rolling stock deliveries in Q1

In January-March 2023, the company increased the shipment of rolled steel to customers by 7% q/q

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Tata Steel increased steel output by 4% y/y in 2022-2023 financial year

In the fourth quarter of the last fiscal year, the company increased steel production by 5.1% y/y

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Tata Steel IJmuiden will start the modernization of blast furnace №6 in April

The company has also created a group to address issues with the cold rolling condition of №21

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Tata Steel plans to install induction furnaces at its Corby pipe plant

Due to the installation of the latest units, carbon emissions at the enterprise will be reduced by 2 thousand tons per year

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