Tata Steel sees weak final quarter but demand set to rise
TATA Steel, which supports hundreds of jobs in the West Midlands, has reported a loss for the final quarter of last year as poor growth figures weakened demand for the raw material.
The company, which is the largest steel producer in India, saw a net loss of £77m in the three-month period. The upheaval in the Eurozone countries – where a large portion of the business operates – contributed to the weakened position.
However, the company is optimistic the situation will pick up during the first half... For the full story register now for free or login below...