The new company will have around 48,000 workers and about 17 billion euros ($19.4 billion) in sales.
Citi said falling steel prices, rising leverage and valuations made Indian steel companies unattractive.
Thyssenkrupp Chief Executive Guido Kerkhoff said last month that a decision on the leadership of the joint venture would be made before Christmas.
Earlier, Tata Steel had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction.
The underlying macroeconomic growth coupled with corporate earnings growth momentum is likely to be a key catalyst for the market movement, says Pankaj Pandey, Head-Research, ICICIdirect.com.
The upcoming results of state elections in December and general elections in 2019 will give enough entry points for investors as markets are likely to remain volatile, suggest experts
"Do not see any fundamental change in demand growth across the world," said TV Narendran, Tata Steel's Managing Director.
Thanks to the operating efficiencies kicking in because of the high scale, the company gained in terms of operating margins.
Prabhudas Lilladher is bullish on Tata Steel has recommended buy rating on the stock with a target price of Rs 840 in its research report dated November 14, 2018.
Sakshi Batra does a 3 point analysis to find out what led to the robust performance of the company in a seasonally weak quarter.
The company reported a net profit of of Rs 3,604.2 crore for the September quarter, a 269.31 percent jump YoY.
The EBITDA per tonne has been reported at Rs 19,244 per tonne.
The project configuration and costs include investments in raw material capacity expansion, upstream and mid-stream facilities, and infrastructure and downstream facilities.
The Kalinganagar plant, which commenced commercial production in May 2016, has generated direct and indirect employment opportunities for more than 21,955 people in the state, a company official said.
According to Usha Martin Limited, the sale of its steel business to Tata Steel will help the company significantly reduce its debt
Police suspect that Tata Steel's former employee Vishwash Pandey was behind the crime
The two units in South East Asia will be sold together.
The programme christened 'URJA' will provide unsecured finance to buyers purchasing material from Tata Steels distributors, mjunction CEO Vinaya Varma told PTI. "We'll be serving a category of MSMEs buying primary steel which accounts for Rs 1200 crore market.
Bhushan Steel's own brand will continue to be in place for now, Anand Sen said.
"With expansion and new capacities, we expect that by 2025, we can have 30 million tonne capacity in India," Tata Steel (India) President-Steel Business, Anand Sen said here.
The domestic brokerage firm slashed Nifty EPS estimates for FY19 by 2.1 percent to Rs 528 from Rs 539, primarily driven by Reliance Industries and Bharti Airtel
The European Commission (EC) on Tuesday opened a deeper investigation into the proposed steel joint venture over concerns that it could raise prices and harm competition.
Tata Steel and ThyssenKrupp are major integrated producers of flat carbon steel and electrical steel, with significant production facilities in the European Economic Area (EEA), in particular in Germany, the Netherlands and the UK.
Tata Steel and ThyssenKrupp are major producers of flat carbon steel and electrical steel with significant production facilities in Germany, the Netherlands and Britain
While Tata Sponge partly missed capitalising on the up cycle in the steel industry, the move now to acquire Usha Martin’s value-added long products steel business could prove to be shot in the arm.