24
Jun
13:11
Costlier iron ore limits Tata margin squeeze: Fitch
Tata Steel (TSL)’s strong margins are likely to moderate due to reduced steel prices since October 2018 but any contraction will be cushioned by stronger iron ore prices as the steelmaker benefits from captive production. So says credit rating agency Fitch Ratings.
Tata Steel’s reported consolidated Ebitda jumped around 40% on-year in the fiscal year through March 2019 (FY19). This was mainly driven by higher margins for its existing operations in In…
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Anonymous
Very good overview of the weekly steel market.
Anonymous