10
May
11:33
Tata withdraws plan to sell Southeast Asia subsidiaries
Tata Steel has adjusted the status of its subsidiaries in Thailand and Singapore from "held for sale" to "continuing operations" in its March-quarter earnings statement. This indicates the Indian steelmaker will not divest the units and is a show of confidence in the Southeast Asian steel market.
This move is due to the improvement in business performance in Southeast Asia since early 2019, Kallanish notes. Operating profit at Tata's Southe…
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Anonymous
Very good overview of the weekly steel market.
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