Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Tata Steel    TATASTEEL   INE081A01012

TATA STEEL

(TATASTEEL)
  Report  
End-of-day quote. End-of-day quote NATIONAL STOCK EXCHANGE OF INDIA - 07/19
458.05 INR   -1.83%
07/19TATA STEEL : Adventure foundation (tsaf) organises expedition to mt. kanamo
PU
07/14TATA STEEL : Q1 FY20 Production and Sales Figure (Provisional)
PU
07/12TATA STEEL : Badminton Training Centre Cadet Wins Gold
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

EU Blocks Merger of Steelmaking Units of Tata, Thyssenkrupp

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/11/2019 | 07:22am EDT

By Valentina Pop

BRUSSELS -- The European Union's antitrust enforcer on Tuesday blocked the planned merger of two steelmaking businesses, India's Tata Steel Ltd. and Germany's Thyssenkrupp AG, saying the resulting company would have reduced competition in the supply of special steel for the car and packaging industries.

Competition commissioner Margrethe Vestager said the two companies failed to propose sufficient remedies to address the EU's concerns. "We prohibited the merger to avoid serious harm to European industrial customers and consumers," Ms. Vestager said. The planned merger, announced in 2017, would have created Europe's second-largest steel producer after ArcelorMittal SA.

The blocked merger marks another defeat for executives and politicians who have been pushing for the formation of more European giants to counter competition from the U.S. and China.

In February, the European Commission, the antitrust body, stopped plans to merge the train-making operations of Germany's Siemens AG with France's Alstom SA, a deal the companies said was necessary to be able to competition in the future with Chinese rail giant CRRC Corp., the world's largest rail supplier. The European Commission said the Franco-German merger would have harmed competition in the markets for high-speed trains and signaling systems.

The expected negative decision by the commission to create a second European steel giant was one of the main reasons that forced Thyssenkrupp to abandon a plan to split itself into two companies. Instead, the German company said it would pursue an initial public offering of its elevators business and be open for partnerships of its industrial operations.

Ruth Bender in Berlin contributed to this article.

Write to Valentina Pop at valentina.pop@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
ALSTOM -0.61% 37.51 Real-time Quote.7.00%
ARCELORMITTAL 0.95% 14.854 End-of-day quote.-18.29%
ARCELORMITTAL 3.05% 15.258 Delayed Quote.-18.17%
ONE STOP SYSTEMS INC -1.21% 1.63 Delayed Quote.-15.98%
SIEMENS AG 0.00%End-of-day quote.0.00%
TATA STEEL -1.83% 458.05 End-of-day quote.-12.09%
THYSSENKRUPP AG 1.28% 11.43 Delayed Quote.-24.40%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TATA STEEL
07/19TATA STEEL : Adventure foundation (tsaf) organises expedition to mt. kanamo
PU
07/14TATA STEEL : Q1 FY20 Production and Sales Figure (Provisional)
PU
07/12TATA STEEL : Badminton Training Centre Cadet Wins Gold
PU
07/11TATA STEEL : Foundation observes world population day 2019
PU
07/04TATA STEEL : Kalinganagar joins the World Economic Forum's Global Lighthouse Net..
PU
07/04TATA STEEL : Ex-dividend day for final dividend
FA
06/30TATA STEEL : Network Rail makes indicative offer for some British Steel assets
RE
06/28TATA STEEL : First PET-CT Imaging in Jharkhand Takes Place at MTMH Today
PU
06/28JSW STEEL : Handful of bids expected for British Steel by June 30 deadline - sou..
RE
06/27TATA STEEL : Thyssenkrupp workers demand clear strategy for steel unit
RE
More news
Financials (INR)
Sales 2020 1 605 B
EBIT 2020 182 B
Net income 2020 75 924 M
Debt 2020 947 B
Yield 2020 2,39%
P/E ratio 2020 7,12x
P/E ratio 2021 6,57x
EV / Sales2020 0,92x
EV / Sales2021 0,91x
Capitalization 525 B
Chart TATA STEEL
Duration : Period :
Tata Steel Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TATA STEEL
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 581,29  INR
Last Close Price 458,05  INR
Spread / Highest target 92,1%
Spread / Average Target 26,9%
Spread / Lowest Target -21,4%
EPS Revisions
Managers
NameTitle
Thachat Viswanath Narendran Chief Executive Officer, Executive Director & MD
Natarajan Chandrasekaran Chairman
Koushik Chatterjee Chief Financial Officer & Executive Director
Ashok Kumar Chief Technology Officer-Process
Vinay V. Mahashabde Chief Technical Officer-Flat Products
Sector and Competitors
1st jan.Capitalization (M$)
TATA STEEL-12.09%7 626
NUCOR9.46%17 192
ARCELORMITTAL-18.17%16 816
POSCO--.--%16 140
NIPPON STEEL CORP-3.81%15 227
NOVOLIPETSK STEEL PAO7.60%14 755