02
Aug
11:58
Tata Netherlands profitability improves, UK sees stock buildup
Tata Steel Netherlands reported dramatically improved profitability in the June quarter, despite higher raw material cost, while production and deliveries also rose, Kallanish notes.
Deliveries rose 7% on-year and 3% on-quarter to 1.47 million tonnes after the reline of BF6 was completed. Liquid steel output rose 80% from a year earlier and was up 14% on the March quarter to 1.69mt.
Revenue fell 6% from a year earlier but rose 2% on-quarter to INR 14,167 crores (…
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Anonymous
Very good overview of the weekly steel market.
Anonymous