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tata steel: Tata Steel India business has delivered 20% margin even in worst time: TV Narendran


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The steel intensity of growth in India could get higher in the years ahead as India moves more into infrastructure-led and fixed asset investment led growth, says
Tata Steel.
Tata Steel’s India business has once again emerged as the star performer. You have spoken about better product mix, lower exports. In a way they are reflective of how demand in India has become better in the third quarter. How has Q3 been in terms of demand and pricing?
A few things happened in Q3. Firstly, we saw the continued recovery of demand in the domestic market and secondly, we saw the recovery in demand for the auto sector and that had a big impact on the product mix. This is the part where we said the product mix got better in Q3. The second part is in Q2, we had exported about 25% of what we produced because the domestic markets were still not strong enough and the international markets were very strong. In Q3 as the domestic markets picked up, we sold more in the dom ....

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