International Steel Prices Are Expected To Move Up | TV Narendran, Tata Steel

Steel major Tata Steel on Friday said its consolidated net profit more than doubled to Rs 9,598 crore for the quarter ended December 2021, mainly on account of higher income. The company had clocked a net profit of Rs 4,011 crore in the year-ago period. Total income during the October-December quarter jumped to Rs 60,843 crore from Rs 42,153 crore in the year-ago period. Tata Steel CEO and MD T V Narendran said domestic steel demand has begun to improve on the back of continued economic recovery as the third wave of Covid begins to ebb. The company’s steel deliveries in India expanded by 4% in the first nine months of the financial year, along with an improvement in product mix.
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