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07 Feb

Tata posts loss despite production, delivery uptick

Despite an increase in production and deliveries, Tata Steel’s December-quarter revenue and profit plummeted amid a sharp drop in realisations and spreads in Europe, Kallanish notes. The company’s crude steel production grew marginally, by 4% on-year to 5 million tonnes in the December quarter, against 4.81mt produced a year earlier. Production was also up 4% on-quarter against 4.8mt produced in the September quarter. “Tata Steel has delivered sā€¦
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