Tata Steel Appraises Its Development In 2018 To Be Superior

Tata Steel Appraises Its Development In 2018 To Be Superior

Tata Steel said that in spite of facing various challenges, their company performance in 2017 remained better than the previous two years. As the global steel industry resumed its stability, the development of Tata Steel in 2018 will also be superior to the previous two years.

Tata Steel said that the Indian Ministry of Mines revised the Mineral Concession Rules 1960 in 2014, and Tata Steel was forced to close some mountain mines. In 2015, China increased its global steel exports, including exports to India. In such a challenging environment, Tata Steel still maintained a certain growth rate.

Tata Steel pointed out that due to the Indian government to impose anti-dumping duties and other provisional measures, India”s steel imports from China fell from 10 million tons to 5 million tons.

In addition, the Indian government will also take some measures to stimulate demand for steel, and the steel consumption will increase. Meanwhile, with the development of national infrastructure, the current high level of logistics costs will decline, which will benefit the operating performance of Tata Steel.