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16 May
21:00

Tata Steel Europe sees fiscal 2017 Ebitda resurge

Tata Steel Europe saw a return to positive earnings in its Indian parent company’s 2017 fiscal year (FY17) ending 31 March 2017, the steelmaker tells Kallanish. The company appears also to have resolved its long-running issues with the former British Steel pension scheme. Liquid steel production in the fourth quarter of 2.62 million tonnes was flat on a year-on-year basis. Over the full year, production was 5% lower due to the focus on higher-value sales, …
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