Steelmakers warn of Q3 revenue drop, pin hopes on Q4 rebound
1 month, 3 weeks ago

Steelmakers warn of Q3 revenue drop, pin hopes on Q4 rebound

Live Mint  

For India's steelmakers facing the lowest prices in the last four years, things may get worse before they get better. In September, benchmark hot-rolled coil prices fell to an average of ₹48,029 per tonne, slipping below the ₹50,000-per-tonne-mark for the first time since November 2020, according to data from BigMint, a market intelligence firm. Consequently, Narendran expects Tata Steel’s average net realizations per tonne in Q3 to be about ₹2,000 lower sequentially. For steel companies, realizations per tonne serve as a key profitability metric, reflecting the average revenue earned on each unit sold and offering insight into pricing trends and market demand. Executives from Tata Steel, SAIL, and JSW Steel anticipate lower prices for coking coal, a critical raw material in steel production, with costs projected to drop by ₹840-2,100 per tonne on average in Q3 compared to Q2 levels.

India China Indian Prices Steel Demand Average Quarter Tata Tata Steel Tonne Jsw Steel Narendran Steel Prices Realizations Steelmakers  demand  q2  realizations  q4  revenue  average  steelmakers  steel  tata  hopes  pin  quarter  q3  drop  tonne  rebound  warn  prices

History of this topic

Indian stock market: Experts stay optimistic despite Q2 GDP shock, recommend THESE key sectors and stocks to buy
1 month, 1 week ago

Indian stock market: Experts stay optimistic despite Q2 GDP shock, recommend THESE key sectors and stocks to buy

Live Mint  

India's gross domestic product figures for the July-September quarter of the current financial year shocked many. Private consumption grew at an impressive 6 per cent, significantly higher than both the overall GDP growth rate and the 2.6 per cent recorded in Q2 FY24. Market ignores GDP shock The Indian stock market saw some selling pressure in the morning trade, but …

Tata Steel Share Price Today on 28-11-2024: Tata Steel share price are down by -0.38%, Nifty down by -0.78%
1 month, 2 weeks ago

Tata Steel Share Price Today on 28-11-2024: Tata Steel share price are down by -0.38%, Nifty down by -0.78%

Live Mint  

Tata Steel Share Price Today on 28-11-2024: At 28 Nov 11:09 today, Tata Steel shares are trading at price ₹143.95, -0.38% down from the previous closing price. On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face resistance at …

Tata Steel Share Price Today on 27-11-2024: Tata Steel share price are down by -0.52%, Nifty up by 0%
1 month, 2 weeks ago

Tata Steel Share Price Today on 27-11-2024: Tata Steel share price are down by -0.52%, Nifty up by 0%

Live Mint  

Tata Steel Share Price Today on 27-11-2024: At 27 Nov 11:15 today, Tata Steel shares are trading at price ₹143.7, -0.52% down from the previous closing price. On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face resistance at …

Steel companies may see hiked demand, better margins in Q3FY25: Centrum report
1 month, 3 weeks ago

Steel companies may see hiked demand, better margins in Q3FY25: Centrum report

Live Mint  

New Delhi, November 19 : Steel companies may see improved demand and better margins in quarter three of the current fiscal year, according to a report by Centrum. The report adds that net debt for steel companies has increased overall by an average of 6-20 per cent QoQ in Q2FY25 due to ongoing capex expansion. For non-ferrous, aluminium and zinc, …

Tata Steel investors may remain jittery amid delayed revival in European operations
2 months ago

Tata Steel investors may remain jittery amid delayed revival in European operations

Live Mint  

The September quarter earnings of Tata Steel Ltd had its share of positives even as European operations remain a drag. Tata Steel Netherlands reported an Ebitda of ₹243 crore in Q2FY25 from a loss of Rs1,145 crore. Tata Steel has submitted a proposal to the Netherlands government for support similar to the one agreed upon with the UK government. The …

Tata Steel Share Price Today on 08-11-2024: Tata Steel share price are down by -2.22%, Nifty down by -0.21%
2 months ago

Tata Steel Share Price Today on 08-11-2024: Tata Steel share price are down by -2.22%, Nifty down by -0.21%

Live Mint  

Tata Steel Share Price Today on 08-11-2024: At 08 Nov 16:01 today, Tata Steel shares are trading at price ₹147.55, -2.22% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Tata Steel Q2: Steelmaker Returns To Profit At Rs 833 Crore, Revenue Dips
2 months ago

Tata Steel Q2: Steelmaker Returns To Profit At Rs 833 Crore, Revenue Dips

ABP News  

Tata Steel Ltd on Wednesday announced its financial results for the July-September quarter in the 2024-25 fiscal year. The firm’s revenue from operations slipped 3 per cent to Rs 53,489.73 crore in the quarter under review, as compared to Rs 55,107.21 crore logged in the September quarter in the previous fiscal year. The steelmaker clocked expenses at Rs 52,331.58 crore …

Tata Steel Q2 Results: Steelmaker posts net profit of ₹833 crore vs loss YoY, revenue falls 3%; Key highlights
2 months ago

Tata Steel Q2 Results: Steelmaker posts net profit of ₹833 crore vs loss YoY, revenue falls 3%; Key highlights

Live Mint  

Tata Steel Q2 Results: Tata Steel Ltd announced its July to September quarter results on Wednesday, November 6. Tata Steel shares closed 0.85 per cent higher at ₹153.60 after Wednesday's trading session, compared to ₹152.30 at the previous market close. Key Highlights to look out for: Revenue from operations: The company's revenue from operations fell 3 per cent to ₹53,489.73 …

India lucrative for steelmakers because of higher infra spending, economic growth
6 months, 2 weeks ago

India lucrative for steelmakers because of higher infra spending, economic growth

Hindustan Times  

Despite a slowdown in exports and increasing Chinese steel output impacting India's share in the markets, steel makers in the country are optimistic about the domestic demand. The case with steel exports Indian exports have been affected by a variety of reasons in the recent past including low production due to scheduled maintenance shutdowns, preference for the domestic market over …

Tata Tech share price plunge 5% on muted Q4 results: Details
8 months ago

Tata Tech share price plunge 5% on muted Q4 results: Details

Hindustan Times  

Tata Tech share price: Shares of Tata Technologies fell 5 percent today after the company posted weak results for the January-March quarter. Tata Tech share price: Brokerage JM Financial said Tata Tech's management indicated that some residual draw-down in the Vinfast account will continue in Q1FY25 as well. Tata Tech Q4 results Tata Tech's net profit for the March quarter …

Tata Steel share price hits 52-week high after Q4 update: Will it rise more?
9 months ago

Tata Steel share price hits 52-week high after Q4 update: Will it rise more?

Hindustan Times  

Tata Steel share price: Shares of Tata Steel rose over 2 per cent to hit a fresh 52-week high ₹166.85, surpassing the earlier peak of ₹166.3 touched on April 3. Tata Steel share price: Automotive and special products segment deliveries increased by 8 per cent in FY24, the company said. The company produced 18.85 million tonnes of steel during the …

Indian steel exports at high risk from Europe's new carbon tax: Goldman Sachs
10 months, 4 weeks ago

Indian steel exports at high risk from Europe's new carbon tax: Goldman Sachs

Hindustan Times  

Steel producers in India are most at risk from Europe’s new carbon tax on imports due to their high sales to the region and mills’ elevated emissions intensity, according to Goldman Sachs Group Inc. Steel is traditionally among the most polluting industries. Europe’s Carbon Border Adjustment Mechanism aims to subject imported goods such as steel to a levy to ensure …

Tata Steel Q3 results: Net profit at ₹522 crore — Here are 5 key highlights
11 months, 2 weeks ago

Tata Steel Q3 results: Net profit at ₹522 crore — Here are 5 key highlights

Live Mint  

Tata Steel, on January 24, reported a consolidated net profit of ₹522 crore in third quarter for FY24. Here are 5 key highlights from Tata Steel Q3 FY24 results - Net Profit The company reported a consolidated net profit of ₹522 crore in third quarter for FY24, against a net loss of ₹6,511.16 crore in the second quarter for FY24. …

Tata Steel Review: Q2 in-line, losses in Europe business likely to decline ahead
1 year, 2 months ago

Tata Steel Review: Q2 in-line, losses in Europe business likely to decline ahead

Live Mint  

Tata Steel Q2 Results mostly met the Street's projections. US brokerage house Citi has downgraded Tata Steel's rating to ‘Sell’ and has cut the target price from ₹140 to ₹100 due to concerns on domestic steel prices, and Europe spreads, and company’s leverage conditions. While Tata Steel expects Netherlands to turn EBITDA positive in 4Q as BF relining is completed, …

Tata Steel CEO says prices to ease in Q2
1 year, 5 months ago

Tata Steel CEO says prices to ease in Q2

The Hindu  

India’s Tata Steel Ltd. expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on July 25. The company, backed by India’s Tata Group, sees Indian steel industry prices in line with prices globally and not impacted …

Tata Steel shares rise after Q1 results 2023. Do you own?
1 year, 5 months ago

Tata Steel shares rise after Q1 results 2023. Do you own?

Live Mint  

Tata Steel share price recovered from early losses on Tuesday to trade over a percent higher after the company reported Q1 result in-line with analysts’ estimates. Tata Steel reported a 92% year-on-year drop in its consolidated net profit for the fiscal first quarter ended June 2023 at ₹525 crore, primarily due to weak performance of its Europe operations. The company's …

Tata steel Q1 results preview: Analysts are confident, can showcase good results
1 year, 5 months ago

Tata steel Q1 results preview: Analysts are confident, can showcase good results

Live Mint  

Tata Steel, India's largest steelmaker, is scheduled to announce its first-quarter results for FY2024 in this week. Tata Steel is expected to report strong earnings growth in the first quarter of FY2024, driven by robust sales and margin expansion. The company's operating margin is expected to improve by 150-200 basis points year-on-year, driven by the favorable product mix and the …

Domestic steel prices under stress as China demand dips
1 year, 7 months ago

Domestic steel prices under stress as China demand dips

Live Mint  

Since the start of FY24, steel prices have witnessed a continuous downward spiral, primarily driven by the demand weakness in China. According to ICICI Securities, the price of domestic hot rolled coil in the traders’ market fell by ₹500 per tonne week-on-week, hitting a new low of ₹58,200 per tonne on 21 May. An analysis by rating agency ICRA suggested …

India Inc's topline growth in Q4FY23 to halve to 10-12%: Report
1 year, 8 months ago

India Inc's topline growth in Q4FY23 to halve to 10-12%: Report

The Hindu  

India Inc. is likely to report a halving of revenue growth in the fourth quarter of FY23, a credit rating agency said on Thursday, as companies start reporting their financials. Revenue growth will come down to 10-12% as against 22.8% for the January-March period in the year-ago, Crisil's Market Intelligence and Analytics arm said. Consumer discretionary products such as airlines, …

Jindal Steel net profit falls 67% to ₹519 cr in Q3, revenue dip 0.57%
1 year, 11 months ago

Jindal Steel net profit falls 67% to ₹519 cr in Q3, revenue dip 0.57%

Live Mint  

Jindal Steel on Tuesday reported 67.9 per cent decline in consolidated net profit to ₹518.67 crore for the December 2022 quarter. The consolidated revenue from operations declined by 0.57 per cent to ₹12,452.44 crore as against ₹12524.86 crore in the corresponding quarter last fiscal. Much awaited pick up in construction demand started towards the end of the quarter leading to …

Steel Stocks: Tata Steel Down 14%, JSW Hits Lower Circuit; What Are They Falling Today?
2 years, 7 months ago

Steel Stocks: Tata Steel Down 14%, JSW Hits Lower Circuit; What Are They Falling Today?

News 18  

Though the market started on a strong footing despite mixed cues from Asian markets, metal stocks were under tremendous pressure on Monday. Shares of steel companies fell up to 14 per cent on the BSE in Monday’s trade, after the government levied export duty on 11 iron and steel intermediates and key steel products. Top Metal Names Bleed Top metal …

Stocks You Can Bet on For Healthy Double-Digit Returns
2 years, 9 months ago

Stocks You Can Bet on For Healthy Double-Digit Returns

News 18  

The revival in the Indian indices has been in tune with their overseas peers. Revenue up 15 per cent YoY to Rs 3652 crore supported by strong growth in the wire & cable segment. Tata Steel – View Buy : Rs 1300 | Target – Rs 1776 Tata Steel Group is among the top global steel companies with an annual …

Tata Steel Q3 net profit more than doubles to ₹9,572 cr
2 years, 11 months ago

Tata Steel Q3 net profit more than doubles to ₹9,572 cr

Live Mint  

Tata Steel today reported a consolidated net profit of ₹9,572 crore for the third quarter ending 31 December, 2021. Our steel deliveries in India expanded by 4% in the first nine months of the financial year along with an improvement in product mix," said Tata Steel CEO and MD T V Narendran. Tata Steel continued to deliver strong operating and …

India's steel consumption set to break records as Covid-hit economy revives
3 years, 5 months ago

India's steel consumption set to break records as Covid-hit economy revives

Hindustan Times  

India’s steel consumption is set to break records this year, reversing the performance in 2020 when demand crashed as the pandemic upended economic activity. Demand for steel is expected to surge 17% to 110 million tons in the year started April. Demand for steel is expected to surge 17% to 110 million tons in the year started April, according to …

How Tata Steel is making the most of the metals surge
3 years, 8 months ago

How Tata Steel is making the most of the metals surge

Live Mint  

Tata Steel Ltd has been making the most of the increase in demand for the base metal after the pandemic. Thanks to higher realizations and a better handle on costs, Tata Steel reported a sharp jump of 132% year-on-year in operating profit to ₹26,235 per tonne. View Full Image Satish Kumar/Mint However, Tata Steel Europe’s profitability was a tad lower …

Tata Steel may turn a corner after subsidiary shows recovery on track
4 years, 2 months ago

Tata Steel may turn a corner after subsidiary shows recovery on track

Live Mint  

The steel sector is building up a case for a turnaround after a dull first quarter. The decent jump in volumes in Tata Steel BSL Ltd led it to post a sharp recovery in the September quarter and return to profitability. That is also expected to reflect in Tata Steel’s sales performance, with the steel major’s domestic volumes shooting up …

Tata Steel's sale of building systems unit stalls: Report
4 years, 5 months ago

Tata Steel's sale of building systems unit stalls: Report

Live Mint  

LONDON: Tata Steel has laid aside plans to sell its Building Systems unit, which makes cladding and insulation panels, two sources close to the matter said, citing uncertainty in the industry that was aggravated by the coronavirus crisis. {{^adFree}} {{/adFree}} Tata Steel late last year hired French investment bank Credit Agricole to help find a buyer for the business operating …

Tata Steel, JSW raise steel price by Rs 500-800 a tonne
4 years, 10 months ago

Tata Steel, JSW raise steel price by Rs 500-800 a tonne

India TV News  

Indian steel majors have raised the price of steel between Rs 500 and Rs 800 a tonne in the wake of higher input costs and shortage in the international markets as coronavirus have hit China's steel production. "Tata Steel has raised the price by Rs 500-750 a tonne, a senior Tata Steel official told PTI. "We have raised the price …

Steel firms to start 2020 on dull note
5 years, 1 month ago

Steel firms to start 2020 on dull note

The Hindu  

Indian steel players led by Tata Steel, JSW Steel and Jindal Steel and Power Limited, are likely to start the new decade on a negative footing as the profitability will further weaken due to softening demand, falling steel prices and rising prices of iron ore, a key raw material. The growth pace of India’s steel demand is likely to slow …

Tata Steel’s Q2 numbers show recovery in the steel market is not coming easy
5 years, 2 months ago

Tata Steel’s Q2 numbers show recovery in the steel market is not coming easy

Live Mint  

It’s been a challenging quarter for Tata Steel Ltd. September quarter profit belied expectations, and a closer look at the numbers shows that economic conditions are bleaker than anticipated. Given that the steel market recovery looks slow, Tata Steel has scaled back its capital expenditure plans. Tata Steel’s net profit climbed 6% year-on-year, thanks to a sharp write-back in tax …

Tata Steel posts 5.9% increase in Q2 profit on one-time tax gains
5 years, 2 months ago

Tata Steel posts 5.9% increase in Q2 profit on one-time tax gains

Live Mint  

Tata Steel, the country’s largest steelmaker, said fiscal second-quarter profit rose 5.97% from a year earlier on one-time gains and a favourable tax regime. During the quarter, the company’s earnings were boosted by a favourable tax impact of ₹4,233 crore, of which ₹2,425 crore was on adoption of the new corporate tax rate by Tata Steel standalone and some subsidiaries …

Tata Steel Q2 net rise 6% to ₹3,302 crore
5 years, 2 months ago

Tata Steel Q2 net rise 6% to ₹3,302 crore

Live Mint  

Tata Steel on Wednesday posted a 5.9% rise in consolidated net profit to ₹3,302.31 crore for the quarter ended September 30, 2019, compared to that of ₹3,116.20 crore in the year-ago period. Consolidated total income of the company declined to ₹34,762.73 crore in the July-September quarter from ₹41, 257.66 crore in the year-ago period, Tata Steel said in a filing …

India steel demand is holding up well against a sluggish global growth
5 years, 8 months ago

India steel demand is holding up well against a sluggish global growth

Live Mint  

Demand for steel has been resilient. Provisional figures compiled by analysts show a 7.5% rise in FY19 sales, making India one of the fastest-growing steel markets among large economies. According to SBICAP Securities, demand for long steel products increased 9.6% during the April 2018-February 2019 period. With automobile sales decelerating further in recent months, the fear is that a prolonged …

Tata Steel: Soft steel prices slam earnings outlook in near term
5 years, 11 months ago

Tata Steel: Soft steel prices slam earnings outlook in near term

Live Mint  

Softening demand and the fall in steel prices have impacted Tata Steel Ltd in the December quarter. However, falling steel prices impacted realizations, contracting consolidated operating profits by 25%. However, with steel prices recovering from the recent lows and the industry entering a seasonally strong period, the company expects the fourth quarter to be better. After the recent rise in …

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