Higher coking coal costs remains a challenge for the company which faced a $21 increase for the steel making ingredient on QoQ basis. JSW Steel is looking at acquiring international and domestic coking coal mining assets to improve its raw materials security, thereby shielding margins from cost pressures.
Last month, the Sajjan Jindal-led steel giant confirmed it that has not changed its plans for a potential stake buy in Teck s unit. According to reports, JSW was planning to pick 20 per cent to 40 per cent- stake in EVR.
Earlier in the day, Glencore announced it is modifying its hostile takeover offer for Teck Resources Ltd. to include an US$8.2-billion cash component to its…
By Clara Denina and Muhammed Husain LONDON (Reuters) - Glencore Plc on Tuesday modified its $22.5 billion all-share takeover bid for Teck Resources Ltd's to include up to $8.2 billion in cash, but Teck's board
Copper Miner Teck Resources Rejects Glencore s $22 5 Billion Offer usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.