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NAUGHTY007if u can handle the volatility enjoy-not for the faint hearted-otherwise book part profits at 575 and hold bal with ur purchase price as sl...
tata steel
Posted by :
guliafi have 40 tata steel at 522/share.... can hold for upto 6 months . what is the possible outlook and whatt should i do ..??...
NSE Announcements on Tata Steel
Posted by : MMB MessengerTata Steel Limited has informed the Exchange regarding a press release dated November 20, 2009, titled "Tata Steel Completes Exchange Offer for CARS (TM)". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on Tata Steel
Posted by : MMB MessengerTata Steel Ltd has informed BSE regarding a Press Release dated November 20, 2009 titled "Tata Steel Completes Exchange Offer for CARS"...
May Cross 600 in Short Time
Posted by : jagisharVery Bullish and upside may cross 800 in 2 to 3 months!...
With retiring of Loans
Posted by : jagisharTata steel profits next quarter can be very high. A real Blue chip!...
China faces massive steel oversupply; global prices likely to be affected
Posted by : BAZEEGAR
While Indian steel stocks are rallying, China Iron and Steel Association (CISA) has warned that oversupply is the major problem that the Chinese steel sector would need to confront. The trade body expects the situation to worsen in the fourth quarter and in early 2010. Steel is a globally-traded commodity and overcapacity in China is bound to lead to lower global prices and pressure on Indian steel companies.
According to CISA statistics, the steel inventories of 26 large and medium-sized cities totalled 11.13 million tonnes (MT) at September 2009, up 5.3MT or 90.9% from the beginning of this year. Further, the 68 large- and medium-sized steel enterprises’ steel and billet steel inventories totalled 11.55MT at September’s closing, up 1.44MT or 14.26% from the beginning of the year. Of the 70 large- and medium-sized steel enterprises, 10 suffered losses in the first nine months as compared to seven in the same period last year. China’s crude steel output was 420.40MT, up 7.5% year-on-year over the first nine months of this year, up 29.37MT. China’s current steel capacity is around 600MT per year, with around another 58MT per year under construction.
Meanwhile, the entire year’s output is estimated at 550MT, up 50MT or 10% from 2008. In the first nine months of this year China imported 1.37MT of crude steel as compared with the 39.47MT of net exports in the same period last year.
As total net crude steel exports reached 47.63MT for the entire 2008, some 47MT will be shifted from the international market to the domestic market. China’s apparent steel demand rose 20% year-on-year in the first nine months, to 421.8MT, mainly driven by the government’s expansion of fixed asset investment, and the growth is predicted to sustain into the fourth quarter and early next year.
China has also imported 1.005MT of stainless steel in the first nine months, up by 4.3% year-on-year and exported 4,76,800 tonnes, down by 45.5% year-on-year. During January 2009 to September 2009 the Chinese stainless steel output was 6.569MT, up by 37.5% year-on-year.
As per reports, the output growth of crude steel and the change in imports and exports would bring the supply of crude steel in the Chinese market at 20% above last year’s figures. In October 2009 alone, Chinese crude steel production growth has sharply grown by 44% year-on-year to 51.75MT
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BSE Announcements on Tata Steel
Posted by : MMB MessengerTata Steel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 26, 2009, to take on record, Consolidated Financial Results of the Company for the quarter / six months ended September 30, 2009 (Q2)....
Tata Steel charts suggesting a break out ....recommend a strong buy at CMP..... Buy Buy Buy
Posted by : Tapasya_SBPWhat is the target for next three days?...
Heading
Posted by : NAUGHTY007mr world the target for when?...
Tata Steel charts suggesting a break out ....recommend a strong buy at CMP..... Buy Buy Buy
Posted by : world investor
The charts of Tata Steel is suggesting a break out at current levels...
I recommend a strong buy at current levels of Rs.537 - 545 for atarget of Rs.650 - 700.......
Click if offensive Rate...
TISCO
Posted by : insight95inWeekly Trend Decider 517.Consider stop loss 500 and buying opportunity.... Real strength show only above 530.... Thereafter non stop target 550 or above....
Should I sell Tata steel or keep it for long term.
Posted by : meetabhigyanI think 800 would be a difficult target. 650 would be a better bet....
