15
Jul
10:21
TSLP books loss despite rise in steel production
Tata Steel subsidiary Tata Steel Long Products (TSLP) posted a net loss of INR 331.09 crore ($41.44 million) in the fiscal quarter ended 30 June 2022. The main reason is the rise in the cost of raw materials and other financial costs, Kallanish notes.
According to the company’s financial results, raw materials costs surged to INR 1,665.31 crore in the June quarter against INR 752.34 crore a year earlier. Finance costs increased to INR 341.54 crore against IN…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous