Tata Steel Q4 Profit Drops by 42%
India’s Tata Steel reported its net profit plunged by 42 % to around US$102 million in the fourth quarter of 2009.
However, the company’s consolidated operating profit margins for the quarter was 13 %, higher than that was 9 % during the same period of last year.
Tata Steel’s steel sales remained steady at 6.12 million tons for the December quarter. The company’s sales in India surged by 49 %, but saw a drop of 13 % in the European market.
Tata Steel Europe's capacity utilization was over 80 %.
Thursday, February 18, 2010
Ferrous metals
Source:
Yieh Corp.
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