27
Sep
11:41
Usha Martin acquisition seen boosting Tata longs offering
The acquisition of Usha Martin Limited (UML) will bring Tata Steel (TSL) synergies in terms of access to the alloy steel long products market, according to India Ratings and Research (Ind-Ra). The steelmaker will also have access to a producing iron ore mine, a coal mine under development, and captive power plants, Ind-Ra says.
The acquisition complements Tata Steel’s product offering with high-value niche alloy products, the credit rating agencyadds. It e…
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Anonymous
Very good overview of the weekly steel market.
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