10
Feb
11:09
Tata Steel Europe output grows but losses persist
Tata Steel Europe saw profitability deteriorate further in the December quarter, but it is expected to improve in 2021 due to higher prices, Kallanish learns from the company's earnings release.
Ebitda in the last three months of 2020 fell to negative INR 724 crores ($99.4 million) compared with negative INR 462 crores in the previous quarter. During the same period of 2019, though, Ebitda was negative INR 956 crores.
"Reported Ebitda loss increased with…
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Anonymous
Very good overview of the weekly steel market.
Anonymous