Data▼ Bearish for Tata Steel

India remains a net importer of finished steel in April–August

2 sources · first seen 10:25 25 Sept · updated 15:07 25 Sept

The brief

Written from 2 reports · check the source before you trade

Finished steel exports rose 34.1% year on year to 2.99 million metric tons
India imported finished steel worth ₹36,193.9 crore during April–August
Import competition pressures domestic steelmakers, including Tata Steel, JSW Steel and SAIL

the session the news first traded, and since

Stock	Traded	That day	vs Nifty	Volume	Since
JSWSTEEL	Fri, 25 Sept	+0.3%	−0.0%	0.7×	+0.3% · Nifty +0.3%
SAIL	Fri, 25 Sept	+0.5%	+0.2%	0.5×	+0.5% · Nifty +0.3%
TATASTEEL	Fri, 25 Sept	−0.0%	−0.4%	0.5×	−0.0% · Nifty +0.3%

○ Classifier read this as negative; TATASTEEL barely moved against the Nifty on the day it traded.

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2 reports · earliest 10:25