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.