मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
How Dutch Rejig Helps Tata Steel
Mint Chennai
|April 15, 2025
A meltdown Tata Steel Nederland has faced profitability stress in the recent past amid lower realization and high energy costs.
Last week, Tata Steel Nederland announced a crucial transformation programme aimed mainly at reducing costs amid tightening spreads in the European market. High energy and carbon costs in recent years have put steel spot spreads under pressure in Europe. As a report by Axis Securities points out, the spreads were at a multi-year low in Q3FY25 at €170 a tonne versus a historical average of €240 a tonne.
Tata Steel's decision may also have been necessitated by the US's 25% tariff on steel imports. Its Netherlands plant exports about 670,000 tonnes annually out of a total production of 6.8 million tonnes to its downstream subsidiaries in the US. The Indian and UK operations have minuscule exposure to the US.
यह कहानी Mint Chennai के April 15, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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