Latest news with #TataSteelNederland
Time of India
12-05-2025
- Business
- Time of India
Steel Stocks: Uptick in domestic demand, dip in Chinese exports & dip in coal prices: will these push steel stocks up?
Revival in March 2025 quarter Safeguard duty Live Events Long-term catalysts Challenges Tata Steel The company's Indian operations constitute 75% of its consolidated sales. Such significant exposure to the domestic market will safeguard its business from the impact of US tariffs. Expected to report 6.4% quarter-on-quarter growth in EBITDA in the March 2025 quarter, according to consensus estimates of analysts compiled by Reuters-Refinitiv. The performance will be aided by coking coal cost benefits and marginally better realisations. The recent announcement of the transformation programme at Tata Steel Nederland (subsidiary) is expected to improve competitiveness in its Europe operations. The transformation programme will focus on cash flows by maximising production efficiencies, optimising product mix and controlling fixed costs. Motilal Oswal has a neutral rating on the stock and believes that the long-term outlook of the company remains healthy supported by its Indian and Europe businesses. Jindal Steel & Power It reported consolidated sales and EBITDA growth of 12.1% and 6% on a sequential basis in the March 2025 quarter. Improved volumes, higher capacity utilisation and inventory liquidation aided by strong domestic demand and lower coking coal costs supported the performance. The company reduced its net debt significantly by 11.8% quarter-on-quarter in the March quarter, supported by a reduction in working capital. The company's expansion at Angul (Odisha) will support volume growth in the future. The expansion is expected to be completed by the end of 2025-26. An Antique Stock Broking report says that cost savings from increased captive coal, slurry pipeline, and higher captive power would aid profitability in the future. It also lists a strong balance sheet and product mix improvement from capacity expansion as the key positives. JSW Steel It is expected to report a 15.9% quarter-on-quarter jump in consolidated EBITDA in the March 2025 quarter, according to consensus estimates of analysts compiled by Reuters-Refinitiv. The performance will be aided by project ramp-up, lower coking coal cost, and a marginal improvement in realisation. The management's focus on capacity expansion, cost optimisation, investments in renewable energy and logistics and increasing the share of value-added products will support growth. The recent Supreme Court's rejection of JSW Steel's insolvency resolution plan for Bhushan Power & Steel (BPSL) due to procedural lapses has created near-term uncertainty. Though analysts expect the company to file a review petition against the judgment, the near-term stock price movement is likely to remain volatile. Steel companies have battled headwinds in recent quarters amid global slowdown fears, rising Chinese imports, weak international demand, and oversupply. Between May 2024 and January 2025, Hot Rolled Coil (HRC) prices in India fell over 13%, according to Reuters-Refinitiv price contraction has affected the profitability of domestic steel companies. The EBITDA (Earnings before interest, tax, depreciation and amortisation) per tonne of domestic steel companies fell below the decadal average of Rs.10,000 per tonne, according to a recent note from CRISIL and pricing pressures are evident in the Nifty Metal Index, which delivered -7.2% returns over the past year, trailing the Nifty 50's 8.6% gain. The analysis is based on closing values from 6 May 2024 to 6 May expect steel companies to post improved quarter-on-quarter performance, driven by lower raw material costs. Spot coking coal prices averaged $186 per tonne in the March 2025 quarter—down 8.5% sequentially and 39.9% year-on-year, according to Antique Stock Broking. Lower input costs and a seasonal boost in construction demand are likely to support strong domestic government has recently imposed a 12% safeguard duty (following the proposal from the Directorate General of Trade Remedies) on select categories of flat steel imports for 200 days. The duty is expected to provide respite to the domestic primary steelmakers by reducing low-cost domestic steel prices have recovered sharply from January 2025 lows and gained over 13% (up to 2 May 2025). Analysts expect the duty to provide critical support to the domestic steel prices in the near term. 'With the duty intervention and relatively favourable input costs, the EBITDA per tonne of the domestic primary-steel makers is expected to recover by Rs.1,000-1,300 per tonne in 2025-26,' adds the CRISIL domestic demand for steel is growing at a healthy pace, aided by the infrastructure World Steel Association, in its short-range outlook (released in October last year) anticipates an 8% increase in steel demand in India for 2025. To cater to the increased domestic demand, the steel companies are expanding capacities and increasing value-added a softening of exports from China is expected to provide relief to the domestic steel companies. A recent HDFC Securities report expects Chinese steel exports to ease, as government stimulus and a stabilising real estate market boost domestic demand—providing further support to global steel there are positives, the ongoing global uncertainties could amplify challenges for the sector.'Concerns around oversupply in both the domestic and global markets, the slowing global GDP amid tariff uncertainty, and the possible devaluation of the yuan could put pressure on the steel industry,' says an Elara Capital CRISIL note says that even with the safeguard duty in place, a longer protectionist intervention may be required if a prolonged global trade war creates a significant imbalance in demand and prefer steel companies that are focused on the domestic market and have higher raw material integration. Tata Steel, Jindal Steel and Power, and JSW Steel are mostly preferred.
Observer
17-04-2025
- Business
- Observer
Major firms join Oman-Europe Liquid H2 Corridor project
MUSCAT: Leading European businesses, notably Tata Steel Nederland, Hamburger Hafen und Logistik AG (HHLA), Port of Duisburg, and Hynetwork are among a conglomerate of companies that are now part of a historic bid to establish the world's first Liquid Hydrogen Corridor linking Oman and Europe. A Joint Development Agreement (JDA) signed earlier this week in conjunction with the state visit of His Majesty Sultan Haitham bin Tarik to The Netherlands, saw a total of 11 organisations committing to working collaboratively to enable the transportation of Omani green hydrogen to markets in the Europe. Representing Oman in the consortium are Hydrom (Oman's national green hydrogen orchestrator), OQ (Oman's global integrated energy group), and Port of Duqm Company. Together with their European partners, they will be leveraging their respective strengths in rolling out a supply chain encompassing the liquefaction, transport, storage, and distribution of liquid hydrogen. Tata Steel Nederland, one of Europe's largest steel producers, has signed up to secure its green hydrogen requirements when it begins a transition to low-carbon steel production starting by 2030. Hans van den Berg - CEO Tata Steel Nederland, commented: "In our role as a large potential buyer, we can contribute to the development of a sustainable economy based on green hydrogen in our region. In this way, we not only make our own production process more sustainable, but we also help to build a new ecosystem together with other companies." Hamburger Hafen und Logistik AG (HHLA), a leading operator of seaport terminals and transport hubs in Europe, says it will leverage the Europe-wide intermodal network of its rail subsidiary Metrans to ensure the efficient onward distribution of hydrogen. "For HHLA, hydrogen is an important element of the journey towards climate neutrality by 2040," emphasised Annette Walter, Chief Financial Officer of HHLA. "Liquid hydrogen plays a key role here, as it can be transported independently of pipelines - which is ideal for mobility and logistics, the aviation industry, and small and medium-sized industrial and chemical companies. With our European logistics network, we want to efficiently transport hydrogen from the import ports to end consumers in Germany and Europe." Also set to play a key role is Hynetwork, a wholly owned subsidiary of Dutch gas transportation company Gasunie. Hynetwork is currently building a 1,200km Dutch hydrogen network of hydrogen pipelines to connect industrial sites to each other, to foreign countries and to import and storage sites. 'In addition to the construction of the national hydrogen network, we are actively working on the infrastructure for the large-scale transport and storage of hydrogen, so that the hydrogen can be transported from the Netherlands to the industrial regions in the hinterland,' said Hynetwork in a post. Linking the proposed Liquid Corridor to Germany is the Port of Duisburg (Duisport), also a signatory to the landmark JDA. 'As the largest inland port in the world, Duisport plays an important role in the energy transition: this agreement reaffirms the port's position as a central hub for the industrial supply of green hydrogen,' the Port authority said in a post. Alexander Garbar, Head of Corporate Development at Duisport, stated: "We are bringing green hydrogen to where it is needed – to the industrial centres of NRW. Together with Hydrom, ECOLOG, the Port of Amsterdam and other partners, we are creating the infrastructure for a reliable, international supply chain.' Other signatories of the JDA are Port of Amsterdam, ECOLOG, EnBW and Advanced Methanol Amsterdam. All 11 partners are targeting the flow of Omani liquid green hydrogen to Europe by 2030.
Asharq Al-Awsat
16-04-2025
- Business
- Asharq Al-Awsat
Industries in Oman, Netherlands, Germany Strike Deal for Liquid Hydrogen Import Corridor
Major industrial groups from Oman, the Netherlands and Germany have signed an agreement for the development of the world's first liquid hydrogen import corridor, Tata Steel Nederland said on Wednesday. The corridor will link the port of Duqm in Oman, the port of Amsterdam in the Netherlands and key logistics hubs in Germany, including the port of Duisburg, the group said in a statement, Reuters reported. It aims to enable the import of renewable fuel of non-biological origin (RFNBO) compliant liquid hydrogen to Europe, it added. "In our role as a large potential buyer, we can contribute to the development of a sustainable economy based on green hydrogen in our region," said Hans van den Berg, the CEO of Tata Steel Nederland. The agreement was signed by eleven parties in total, including Oman's global integrated energy group, Tata Steel Nederland, the port of Amsterdam and Germany's Hamburger Hafen und Logistik. It includes several infrastructure projects along the corridor, notably export and import facilities in the ports of Duqm, Amsterdam and Duisburg, as well as pipe and rail networks for the transport of gaseous and liquid hydrogen. The deal was signed during the visit of the Sultan of Oman to the Netherlands.
Reuters
16-04-2025
- Business
- Reuters
Industry groups in Oman, Netherlands, Germany strike agreement for liquid hydrogen import corridor
April 16 (Reuters) - Major industrial groups from Oman, the Netherlands and Germany have signed an agreement for the development of the world's first liquid hydrogen import corridor, Tata Steel Nederland said on Wednesday. The corridor will link the port of Duqm in Oman, the port of Amsterdam in the Netherlands and key logistics hubs in Germany, including the port of Duisburg, the group said in a statement. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. It aims to enable the import of renewable fuel of non-biological origin (RFNBO) compliant liquid hydrogen to Europe, it added. "In our role as a large potential buyer, we can contribute to the development of a sustainable economy based on green hydrogen in our region," said Hans van den Berg, the CEO of Tata Steel Nederland. The agreement was signed by eleven parties in total, including Oman's global integrated energy group, Tata Steel Nederland, the port of Amsterdam and Germany's Hamburger Hafen und Logistik ( opens new tab. It includes several infrastructure projects along the corridor, notably export and import facilities in the ports of Duqm, Amsterdam and Duisburg, as well as pipe and rail networks for the transport of gaseous and liquid hydrogen. The deal was signed during the visit of the Sultan of Oman to the Netherlands.
Reuters
12-03-2025
- Automotive
- Reuters
US auto firms seek tariffs exemption for key supplier Tata Steel Nederland
March 12 (Reuters) - Tata Steel Nederland (TSN), the Dutch arm of the Indian steel giant ( opens new tab, said on Wednesday some of its U.S. clients, notably from the automotive sector, were lobbying for the supplier to be exempted from U.S. tariffs on steel imports. 'Exemptions are the most important part in mitigating (the effect of the tariffs),' a TSN spokesperson told Reuters, adding that it was too early to comment on the impact for the sector. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. "We have been assessing the implications of the change in government in the U.S. for some time and are in close contact with our customers. We are also in close contact with relevant stakeholders to assess and mitigate possible effects," he said. TSN supplies high-quality specialised, critical, and strategic steel grades to the United States. It is the sole American supplier of nickel-plated strip for electric vehicle batteries and copper-plated strip for fuel lines in cars. The U.S. is the group's second most important market after Europe, typically accounting for about 12% of annual sales. The Dutch steel maker benefitted from an exemption from steel tariffs under the previous Trump administration, in 2018. Trump's increased tariffs on steel and aluminium imports took effect on Wednesday as prior exemptions, duty-free quotas and product exclusions expired.
