07
Feb
14:37
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 s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous