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09 Feb
11:11

Challenging regional market hits Tata Steel Europe result

Tata Steel Europe saw a difficult regional market adversely affect its results in the third quarter of parent company Tata Steel Limited’s 2020 fiscal year. Despite having increased its liquid steel production, revenues fell sharply and earnings slipped into the negative, according to the group’s quarterly operating report, monitored by Kallanish. Liquid steel output by the Indian groups’ European segment grew by around 3% quarter-on-quarter to 2…
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