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The Neelachal Ispat Nigam Ltd steel mill, which closed in March 2020, was just purchased by Tata Steel for $1.6 billion, including debt. This sale is part of India’s effort to divest from certain businesses. The plant has an annual production capacity of 1.1 million mt of iron and steel. Global production for Tata was 28.4 million mt in fiscal year 2019-20, with annual an annual global capacity of 34 million mt, according to their website. Approximately 20.6 million mt of their capacity and 18.2 million mt of production is based in India. (2/1/2022) |
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. |
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AEGIS Insights |
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01/26/2022: AEGIS Factor Matrices: Most important variables affecting metals prices 01/10/2022: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 11/30/2021: Will the Omicron COVID Variant Impact South African Metals Production or Exports? |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 1/28/2022: Teck Resources’ QB2 to cost up to $500m more than planned |
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| Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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