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03 May
18:50

Tata foresees demand sustaining after record annual deliveries

Tata Steel says the Indian government infrastructure investment push and gradual automotive industry rebound will support domestic steel demand, while prices will remain firm thanks to elevated international prices and input costs. EU steel demand will remain above pre-Covid levels but is at risk from the Ukraine war and energy crisis. Tata Steel’s Indian crude steel production rose 13% on-year in the fiscal year through March 2022 (FY22) to an annual record…
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