Tata Steel: Rising demand, steel prices and integrated ops bode well

During Q2, Tata Steel not only achieved its highest-ever domestic deliveries of 5.05 million tonnes (MT), volumes at its European operations too, rebounded to year-ago levels

Topics
Tata Steel | steel prices | Steel exports

Ujjval Jauhari 

Apart from Tata Steel’s impressive provisional volume numbers for the September quarter, the rising demand and steel prices also point to an improving business outlook. Being an integrated steel producer, the company largely remains insulated from rising prices of key raw materials like iron ore.

It is not surprising that the stock is amongst the top picks of foreign brokerages who see further improvement in volumes and profits led by Tata Steel's Indian operations. During Q2, Tata Steel not only achieved its highest-ever domestic deliveries of 5.05 million tonnes (MT), ...

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First Published: Wed, October 14 2020. 19:58 IST
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