Steel industry has been reeling under severe pressure due to sharp increase in imports, continued domestic capacity expansion and lately, rise in key raw material prices. While government support in the form of imposition of minimum import price (MIP) and safeguard duty has helped it, the industry is still struggling to find market for new commissioned … Continue reading Industry Analysis – Steel Industry..
Amidst the noise around Cyrus Mistry’s exit from Tata Sons is the issue of potential impairment charges, most notably in Tata Steel Europe. No doubt, Tata Steel paid a heavy price for the acquisition of Corus but how serious are his allegations and how heavy is the burden of existing European assets. A brief attempt to understand … Continue reading Impairment Charges – Case of Tata Steel Europe..