|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||863.05 - 878.85|
|52 Week Range||827.00 - 1,534.50|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||2.61|
|Forward Dividend & Yield||51.00 (5.98%)|
|Ex-Dividend Date||Jun 16, 2022|
|1y Target Est||N/A|
NEW DELHI (Reuters) -India's top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing business with Russia. Tata Steel had said in April all its manufacturing sites in India, the UK and the Netherlands had sourced alternative supplies of raw materials to end its dependence on Russia, adding it was taking "a conscious decision to stop doing business with Russia."
India's Tata Steel is concerned New Delhi's sudden decision to impose an export tax on some steel products could force it to review its production targets, if the levy remains in place for a long time, its CEO told Reuters on Tuesday. India imposed an export tax of 15% on some steel products over the weekend, at a time steelmakers are looking to make up for tepid local demand by increasing market share in Europe, where the Ukraine conflict has hit supplies. The taxes were part of a series of measures India has taken to rein in retail inflation, which has hit eight-year highs.
Steel boss dismisses claim that sector needs new Cumbrian coalmine. As final decision looms on controversial pit, industry expert says there is no domestic market for its fuel