Overview of Tata Steel Company in India

India's Tata Steel Company, located in Bihar, eastern India, belongs to India's Tata Group and is the most advanced private steel company in India. 1907 was founded by Jamshetji Tata, mainly engaged in the production and processing of steel, ores and non-ferrous metal alloys. Ratan Tata, the current chairman, has 46,5438+00,000 employees and an annual output of 5 million tons of steel, which is listed on the Bombay Stock Exchange and the Indian National Stock Exchange. Because Tata Steel owns its own iron ore and coal mine, it has a competitive advantage in raw materials. Production implements international standards, and the operating cost is very low; Since the early 1980s, it has been continuously carrying out modernization, and has become one of the lowest-cost steel producers in the world in recent years.

In February 2007, Tata Steel successfully acquired Corus, the second largest steel company in Europe, with a capital of11.30 million US dollars, which set the largest overseas M&A record in India so far, making Tata Steel the sixth largest steel company in the world.

Tata Steel is considered as the lowest manufacturing cost steel company in the world. Facing the cost pressure brought by the rising global iron ore price and high energy price, Musella Man said that one of the important reasons why Tata Steel can become one of the factories with the lowest manufacturing cost in the world is that Tata Steel has its own iron ore resources in India and its production efficiency is high.

Tata steel mills outside India, such as those in Britain and the Netherlands, need to buy raw materials from outside. Musella Mann said that the long-term goal of Tata Steel is to make itself rich in raw materials, and like China, it has invested in foreign raw material resources. Tata Steel invested in a coal mine in Australia and Mozambique, Africa, and a coal mine in C? te d 'Ivoire. In addition, a limestone mine was acquired in Oman.