31
Mar
09:30
Tata eyes ferroalloys expansion on SFML acquisition
Tata Steel has signed an agreement to procure ferroalloys production assets from Odisha-based Stork Ferro and Mineral Industries Private (SFML), Kallanish notes.
“The asset acquisition will provide an inorganic growth opportunity for Tata Steel to augment its ferroalloys processing capacities,” Tata Steel informs in a stock exchange filing.
The asset purchase transaction will be carried out for a cash consideration of INR 155 crore ($20.47 million) pl…
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Very good overview of the weekly steel market.
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