18
Apr
17:14
Reduced imports, sales growth seen driving Tata profitability
The improvement in Tata Steel (TSL)’s consolidated profitability should sustain for at least the next 2-3 years on account of reduced threat from cheap imports, volume growth and operating leverage benefits, according to India Ratings and Research (Ind-Ra).
TSL reported 18% on-year growth in revenue in the nine months through December 2017 to INR 96,884 crores ($14.7 billion), with Ebitda/tonne surging 39% to INR 8,211 crores. The rise in profitability was…
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