TATA STEEL: MOVING AHEAD WITH A ‘STEELY' RESOLVE
Dalal Street Investment Journal|December 07, 2020
Despite the numerous challenges posed by the pandemic, including a reduction in demand and cash flows, Tata Steel has maintained its leading position and now that the economy is limping back to normal, it is ready to implement new strategies to blow fresh wind into its sails
TATA STEEL: MOVING AHEAD WITH A ‘STEELY' RESOLVE

Tata Steel was established as Asia’s first integrated private steel company in 1907. Today, the company is among the leading global steel companies. Tata Steel possesses and operates captive mines that help it maintain cost-competitiveness and production efficiencies through a continuous supply of raw material. During FY20 the consolidated steel production for Tata Steel group was 28.46 million tonnes, recording a 5 per cent increase over that of the previous year. The group recorded total deliveries of 26.68 million tonnes as against 26.80 million tonnes in the previous year. The company operates in India, Europe, and Southeast Asia. It has manufacturing units in 26 countries and a commercial presence in over 50 countries. Tata Steel is the second-largest steel producer in Europe. It is a fully integrated company – from mining to manufacturing and marketing of finished products.

The company is engaged in the manufacture and sale of steel products in India and internationally, offering hot and cold rolled coils and sheets, galvanized sheets, tubes, wire rods, construction rebars, and bearings. Tata Steel’s operations are grouped under six strategic business units (SBUs), which include the bearings’ division, the ferroalloys, and minerals division, agric division, the Tata growth shop, and the wire and tube, division. The company has several branded steel products like Tata Steelium, Tata Shaktee, Tata Tiscon, Tata Pipes, Tata Bearings, Tata Structural, Tata Agrico, and Tata Wiron. The company is involved in prospecting, discovering, and mining iron ore, coal, ferroalloys, and other minerals. The company also offers alumina, dolomite, and monolithic refractories as well as silica refractories for coke ovens and the glass industry.

Global Steel Industry

Diese Geschichte stammt aus der December 07, 2020-Ausgabe von Dalal Street Investment Journal.

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Diese Geschichte stammt aus der December 07, 2020-Ausgabe von Dalal Street Investment Journal.

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