Steel Sector

Tata Steel posted Six-fold increase in Profits

Tata Steel Tata Steelhas posted great results.

Tatas Celebrate their 100 years and Set Goals for Future

Tata LimitedJamsetji Nusserwanji Tata had a dream to make India self dependent by using Science and Technology. He devoted his life to hydro-electric power plans and Iron & Steel Works at Jamshedpur. He believed in offering low cost solutions to clients and to add value to wealth of shareholders. After the acquisition of the Corus group, the company is among the first five steelmakers in the world. Tata has also acquired NatSteel Asia and Millennium Steel Thailand.

Areva T&D Shares Climb Up On Essar Steel Order

Areva T&D India Ltd.Mumbai: Areva T&D India shares benefited on Friday after the power equipment company got an Rs 63 crore order from Essar Steel Ltd.

In early trading (11.45 am), the stock brought in Rs 21.35 or 1.50 per cent at Rs 1,433 on the Bombay Stock Exchange (BSE).

Steel Ministry Urges To Increase RSP Production Capacity

Rourkela: Steel employees' association, Rourkela (SEAR) has urged the union Steel organization to raise the yearly production capacity of Rourkela Steel Plant (RSP) from the existing two million to

VISA Steel Enters JV With Baosteel

Baosteel GroupKolkata: Visa Steel has entered into a joint venture contract with China’s Baosteel Trading and VISA Comtrade of Switzerland for establishing a 1 lakh tonne-per-annum ferro chrome facility in Orissa.

The joint venture company will be named ‘VISA BAO,’ in which VISA Steel will hold a 51% stake, while Baosteel Trading and VISA Comtrade will hold 35% and 14% stakes, correspondingly.

Tata Steel Looks Optimistic For Long-Run

TataAccording to technical analyst, Rajat K Bose Tata Steel is the best stock to reap gains in the long-run. The stock will burst after 9-10 months, so it’s better to hold the stock to make higher profits.

Bose told, “The base metals or steel are looking very weak. I was checking the LME base metals charts, alluminium, teen, copper, zinc, they are all looking pretty bad. Some of them have actually gone below 200-day; alluminium has done that recently and has given a sell signal.”