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Tata Steel poised for 8% rise The Bangkok Post © The Bangkok Post Steel rods at a construction site in Bangkok. TSTH expects steel consumption to rise on infrastructure and transport projects this year.
Tata Steel Thailand (TSTH), a business unit of India’s largest steel maker, expects steel consumption in its 2021 fiscal year (April 2020-March 2021) will increase by 8% year-on-year to 1.29-1.30 million tonnes due to growing demand from state infrastructure investment projects.
Chief executive Rajiv Mangal said his company also received a good response from customers in many industries.
“Thailand has market potential for steel products, especially high quality ones. The company is moving in the right way,” he said yesterday.