Thursday, August 27, 2009

Iron Ore: Tata Steel Says Global Slowdown Continues

Tata Steel, the Indian steelmaker and world's 8th largest iron ore producer, posted an unexpected first-quarter loss "as the slowdown in Europe and the US continued to weigh on the business" and gave a cautious outlook saying it expected global recovery in the sector to be slow.

Iron ore production fell 20% in the first 7 months of the year.

Tata Steel trades as TATASTEEL on the NYE:

Stumble Upon Toolbar

No comments:

Financial TV

Blog Archive

// adding Google analytics