You are here: Home » Topics » » Tata Steel » Videos

The Factory

Film and timelaps at TATA steel.

Tata Steel third quarter profit lags estimates

Feb 11, 2014    

MUMBAI (Reuters) - Tata Steel Ltd (TISC.NS) posted a smaller-than-expected third quarter profit on Tuesday partly due to high costs in its main European market which squeezed margins.Europe is Tata Steel's biggest market and production centre, following its $13 billion acquisition of Britain's Corus in 2007 that gave it a foothold in the region. But the company has struggled to reap benefits from the deal because of Europe's weak economic conditions over the past six years.Tata Steel Europe needs to import both iron ore and coking coal from outside and that plus continued high energy costs hav...

Read More