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Metal stocks witnessed some selling pressure in trade on Friday, May 29, with the Nifty Metal pack emerging as the worst sectoral performer. Concerns around tariffs imposed by US President Donald Trump and the trade deal with China kept the sentiment subdued. US Treasury Secretary Scott Bessent said trade talks with China were “a bit…
Scoda Tubes IPO: Scoda Tubes, a stainless steel tubes and pipes manufacturer, completed its anchor investor round on Tuesday, 27 May 2025, raising ₹65.99 crore from the marquee investors ahead of the public bidding, according to the exchange filing. According to BSE data, the company allocated 47,14,200, or over 47.14 lakh equity shares, to the…
Stock Market Today: JSW Steel share price gained more than 2% in the intraday trades on Monday post Q4 results that were declared after the market hours on Friday: Should you Buy or Sell the stock post Q4 Results? In 4QFY25, JSW Steel reported a decent result performance, offsetting the muted steel realizations by strong…
Donald Trump announced that steelmaker US Steel will stay in America, with its headquarters in Pittsburgh. Following the announcement, the shares of US Steel surged nearly 24 per cent on Friday, reported AFP. Trump claimed that the partnership of US Steel with Nippon Steel is expected to generate 70,000 jobs and inject $14 billion into…
JSW Steel Q4 Results: The metals company JSW Steel on Friday, May 23, announced a 13.5% year-on-year (YoY) rise in its consolidated net profit to ₹1,501 crore as against ₹1,322 crore in the year-ago period. The profit includes an exceptional charge of ₹44 crore. The total revenue from operations declined by 3.1% YoY to ₹44,819…
Tata Steel Q4 Results: Tata Group’s steel manufacturing arm, Tata Steel Ltd, announced its January to March quarter results for the financial year ended 2024-25. The company recorded a 117 per cent rise in its consolidated net profits to ₹1,201 crore, compared to ₹554.56 crore in the same quarter of the previous financial year. The…
Stock Market Today: JSW Steel share price crashed over 7% on Friday as news reports suggested that Supreme Court has scrapped resolution plan for Bhushan Steel and Power
When the going gets tough, the tough get going, and that’s what Tata Steel Ltd is doing. Last week, Tata Steel Nederland announced a crucial transformation programme aimed mainly at reducing costs in the backdrop of tightening spreads in the European steel market. High energy and carbon costs in recent years have put steel spot…
Q4 Metals Preview: Axis Securities, in its report, indicated that in Q4FY25, the EBITDA for steel firms under its coverage, including Tata Steel and SAIL, is anticipated to show a quarter-on-quarter improvement primarily due to increased sales volumes and reduced coking consumption costs, although this will be slightly countered by a minor decline in steel…