India’s Tata Steel posts Q3 profit as lower costs counter weak revenue
BENGALURU (Reuters) – India’s Tata Steel reported a third-quarter profit on Wednesday, as declining expenses more than offset lower revenue due to weak domestic prices. Subdued local prices due to cheaper shipments from top producer China hurt the country’s steelmakers in the October-December period, despite sustained domestic demand. The quarter partly coincided with an eight-month …
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