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18.05.25 - 20:12
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Tata Steel plans major multi-crore ′cost takeouts′ across global units, says CFO (Times of India)
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Tata Steel is set to aggressively reduce costs by Rs 11,500 crore globally over the next 12–18 months, building on previous savings. The company aims for significant cost reductions in India, the UK, and the Netherlands through operational improvements and restructuring. Capital expenditure is allocated, with a focus on Indian operations, while net debt has decreased....
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12.04.25 - 10:18
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MPs and Lords head to parliament as PM aims to pass emergency law today to save British Steel – live (The Guardian)
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MPs to debate emergency law that will give the business secretary the power to direct the companyIt's been a busy morning for Sarah Jones, who is now on BBC Breakfast.Asked whether the government had received any private offers for the company's Scunthorpe plant, Sarah Jones said:There is not at the moment, to answer your question, a private company that is there willing to invest at this point.When we came into government, there was a deal on the table with Tata Steel in Port Talbot.We negotiated in 10 weeks a much better deal, but there was a private company willing to invest, who are now investing.We are hoping that the company will co-operate with what we are asking them to do, we hope that we will give them a notice and they will continue.If they do not, we will step in. Now the company will be liable for any costs that we incur, and we will seek to get that money back.We have the £2.5 billion fund for steel which we had in our manifesto, that we will use if necessary, so there will be no extra co...
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19.03.25 - 07:36
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UK steelmakers say Trump′s tariffs already driving away business (The Guardian)
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Tata and British Steel tell MPs their customers are seeking alternative suppliers or asking for compensationThe UK's two biggest steel companies have said they have already lost customers in the US and are bracing for a flood of cheap imports after Donald Trump imposed steep metals tariffs.The bosses of Tata Steel and British Steel on Tuesday told MPs on the Commons business and trade committee that customers were looking for alternative suppliers of products to avoid 25% tariffs on steel and aluminium that came into force last week. Continue reading......
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26.02.25 - 07:54
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XFRA : NEW INSTRUMENT AVAILABLE - 26.02.2025 - US87656Y4061 (XETRA)
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Das Instrument HWHG US87656Y4061 TATA STEEL GDR REGS IR 1 EQUITY hat seinen ersten Handelstag am 26.02.2025: CONTINUOUS AUCTION SPECIALIST, PAG PAG_EQU, SettlCurr EUR, CCP N
The instrument HWHG US87656Y4061 TATA STEEL GDR REGS IR 1 EQUITY has its first trading date on 26.02.2025: CONTINUOUS AUCTION SPECIALIST, PAG PAG_EQU, SettlCurr EUR, CCP N...
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