AT A GLANCE: Tata Steel Europe weighs on fiscal Q3 2020 earnings, India robust

A summary of Tata Steel's financial results for the fiscal third quarter of 2020 ended Tuesday December 31, 2019.

In brief Challenging market conditions and slower global economic growth weighed on results, the company said, adding that regional steel prices were down in line with steel demand that was affected by weaker industrial output in key markets. In Europe, the "overall slowdown was more pronounced due to seasonal weakness and elevated levels of unfairly priced imports," Tata said. The Indian economy remained weak during the quarter and domestic steel prices reached a low point in October 2019, it...


Carrie Bone

February 08, 2020

00:08 GMT