India's Tata Steel posts first quarterly loss in 2 years

9 February 2012, 8:04 am

MUMBAI (Reuters) - India's Tata Steel , the world's No.7 steelmaker, posted an unexpected quarterly loss, its first in more than two years, as higher raw material costs and weak demand in Europe hurt margins. The company, which operates two-thirds of its global capacity of about 28 million tonnes in Europe, warned it did not expect a significant revival in demand in its core markets in 2012 ...... Read More »

More Topics from "Articles"

• Bunge Completes Acquisition of Amrit Banaspati's Edible Oils and Fats Business
• Mahindra Satyam to buy stake in Dion Global
• Turner Construction Company, Sahara Prime City Limited and Acropolis Capital Group Establish Partnership to Serve the ...
• UPDATE 1-India's Tata Steel posts first quarterly loss in 2 yrs
• Research and Markets: Continuous Increase in Disease Prevalence Driving the Surgical Instruments Market, Finds ...
• Research and Markets: Penetration and affordability to drive the Indian Chocolate Market finds Netscribes
• India emerges among top five markets for tourism in Kenya
• India gold seen opening flat, copper down
• Research and Markets: Rising government support to act as a game changer for the Retail Market in India, finds ...