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Tata Steel shares fell nearly 3 per cent on Thursday. The company’s shares are down 32 per cent year-to-date.
Weak sector outlook continued to weigh on the stock. Global crude steel output fell 2 per cent in the first half of the year, mainly due to continued weakness in top producer China and elsewhere in Asia
World Steel Association has maintained its outlook for weaker global steel consumption growth
Eurofer has said European economic growth is expected to power only a 1.5 per cent rise in EU steel demand this year.
At about 10.30 am, the stock was down 2.87 per cent or Rs 8.05 at Rs 272.30 on the BSE.
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