Tag «Tata Steel»

17th May, 2013 : Late spurt keeps Sensex, Nifty positive

The Indian equity market extended its rally for the fourth straight session even though the global rating agency Standard & Poor’s (S&P) affirmed BBB- rating for India with a negative outlook. Capital goods stocks which were underperformers in the current rally staged a comeback. Market buzz is that the government may kick-start  activities to push …

14th May, 2013 : Market ends choppy session on a whimper

The equity market ended Tuesday with marginal gains after Monday’s profit booking. The indices, which opened with a positive gap, managed to build momentum in the first half of the day. However, it slipped from the day’s high after the wholesale inflation data for April trickled in. Market participants seemed to have already factored in …

23rd April, 2013 : Market cautious ahead of expiry

After rallying for five straight trading sessions, the markets took a breather on Tuesday. After opening on a flat note, the markets remained under pressure throughout the day. However, a sudden bout of buying in the last hour of trade lifted the benchmark indices from the day’s lows. But it was barely sufficient for the …

STEEL ELIMINATES WEIGHT GAP WITH ALUMINIUM FOR CAR BODIES

New studies show a further reduction in body structure mass DETROIT – 16 April 2013 – The latest in a continuing series of research studies strongly suggest that steel auto body structures in the near future can be as lightweight as today’s aluminium bodies, while meeting all crash performance standards and at comparable cost of …

12th April, 2013 : Market echoes Infy woes

What a dreadful day for the market in general and Infosys in particular! The Indian equity indices ended with deep cuts on Friday as sentiment got hit post disappointing quarterly earning announced by Infosys. The stock plunged over 25% in a single trading session registering its biggest single day fall since April 2003. After an …

Successful coiler modernization by SMS Siemagat Tata Steel IJmuiden

In February 2013, Tata Steel granted SMS Siemag, Germany, the final acceptance for the modernization of coiler No. 3 in its IJmuiden, Netherlands, hot strip plant. Thanks to the comprehensive upgrade, the over 25-year-old coiler is now able to coil hot strip of higher strengths and greater thicknesses. Our aim was to make coiler No. 3 fit for coiling …