Strong profits from operations in India, but growing imports from China are harming the sector: TV Narendran, Tata Steel

Economic Times India 29-01-2024

TV Narendran, MD & CEO, Tata Steel, says the India business "will be challenging but it is sustainable because demand is strong. But prices are still a bit fragile reflecting what is happening in the international markets. Narendran expects a little bit more stability in China going forward and either they will cut production or reduce exports because the prices they are selling at is not sustainable. The Chinese steel industry is not making money at these prices."

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Strong profits from operations in India, but growing imports from China are harming the sector: TV Narendran, Tata Steel

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