Comments
Tata Steel Thailand PCL, the Thai unit of the Tata Steel Group, said on Wednesday it expects to post a net loss for the fiscal year ending March 2015 due to falling steel prices and weak demand.
But improved domestic demand and a better outlook for steel prices should help it flip to a profit in the next fiscal year, President and Chief Executive Rajiv Mangal told reporters.
Thailand's domestic steel demand is expected to rise at least 5 per cent in 2015, while steel prices have bottomed out and should gradually increase, he said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.