AT A GLANCE: Tata Steel Q4 results improve but FY sharply down

A summary of Tata Steel’s financial results for the January-March quarter and full 12 months of its financial year ended March 31, 2020.

In brief Drop in European revenue due to sharp decline in steel prices and reduced deliveries European operations now at 70% utilization Indian operations now at 80% utilization after easing of lockdown restrictions Tata Steel Europe has launched a transformation program to generate savings Capex is being curtailed sharply due to the uncertain business environment, but will be revisited in the second half of the year or when business conditions normalize. Tata Steel India full-year results This includes Tata Steel Standalone, Tata Steel BSL and Tata Steel Long products. Steel production 18.20 million tonnes, up...

Published

Carrie Bone

June 30, 2020

09:30 GMT

London