Previous close | 167.70 |
Open | 168.00 |
Bid | 168.85 x 0 |
Ask | 168.90 x 0 |
Day's range | 167.50 - 170.70 |
52-week range | 104.05 - 170.70 |
Volume | |
Avg. volume | 55,458,881 |
Market cap | 2.107T |
Beta (5Y monthly) | 1.33 |
PE ratio (TTM) | N/A |
EPS (TTM) | -2.73 |
Earnings date | 30 Apr 2024 - 04 May 2024 |
Forward dividend & yield | 3.60 (2.15%) |
Ex-dividend date | 22 Jun 2023 |
1y target est | N/A |
Steelworkers at Britain's largest steel production plant voted to strike for the first time in around 40 years to protest the planned loss of 2,800 jobs by Indian owner Tata Steel, union officials said Thursday. In January, Tata said it would close both blast furnaces at Port Talbot as part of plans to make its unprofitable U.K. operation leaner and greener, replacing them with more environmentally friendly electric arc furnaces. Unite said Tata has other choices after the union secured a commitment from the main Labour Party opposition that it will invest 3 billion pounds ($3.8 billion) in U.K. steel, compared with the 500 million pounds pledged by the current Conservative government.
Tata Steel workers in Port Talbot, Wales, are preparing for a strike ballot over plans to replace blast furnaces with electric arc furnaces.
The steel group said it had been forced to make the closures earlier than previously planned because they can no longer be run safely.