Q3 loss was expected due to Europe crisis, raw material price rise: Tata Steel
Published On: February 10, 2012 | Duration: 8 min, 02 sec
HM Nerurkar, MD of Tata Steel (India) and Karl-Ulrich Kohler, MD & CEO of Tata Steel Europe spoke about the company's Q3 figures which saw a loss of Rs 603 crore. They said that they expected the loss on account of a market squeeze due to higher raw material cost and pricing mechanism. However, India business saw a very good quarter, Nerurkar said.
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