stockpiles

Tata Motors to accelerate maintenance shutdown amid rising stockpiles, declining sales

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Tata Motors to accelerate maintenance shutdown amid rising stockpiles, declining sales

Tata Motors is set to advance the annual maintenance shutdown of its passenger vehicle plants due to mounting stockpiles-equivalent to up to two months of sales-amid slowing sales across its petrol, CNG and electric cars, multiple people aware of the company’s plans said. This is to align production with demand and correct the stock before … Read more

Iron ore: Iron Ore woes deepen as inventories keep piling up

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Iron ore: Iron Ore woes deepen as inventories keep piling up

Beijing: Iron ore slumped more than 7% – dropping below the $110 a ton mark – as disappointing demand in China left the market lumbered with bulging inventories. The steelmaking material has tumbled by around a quarter from a peak in early January as China’s real estate and manufacturing activity remained under pressure. The annual … Read more