Tata Steel Thailand PCL, the Thai unit of Tata Steel Group, said on Thursday it expected to return to net profit for the fiscal year ending March 2016, lifted by rising steel prices and higher demand.
The company, which made a net loss of 609.7 million baht ($18.23 million) for the fiscal year ended March 2015, is aiming for sales growth of 12 per cent to 1.25 million tonnes in the current fiscal year, President and Chief Executive Officer Rajiv Mangal told reporters.
Domestic demand for steel is expected to rise 4-5 per cent to about 18 million tonnes this year, he said.
Source: NDTV
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.