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13 Aug
17:38

Domestic recovery lifts Tata utilisation after June export-quarter

Tata Steel redirected sales to global markets in the first fiscal quarter through June (FQ1) when the Covid-19 lockdown paralysed Indian domestic demand, hitting 1.46 million tonnes of exports. The steelmaker has since lifted capacity utilisation to 95% and reduced exports as domestic demand is improving. Demand in the September quarter has so far been “…much better” than a typical monsoon quarter, Tata says, adding that the price outlook contin…
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