Tata Steel uk:ttsl reported a surge in fiscal second-quarter profit, as adjusted EBITDA more than tripled to 17,810 crore ($204 million), on a 55% increase in revenue to 60,283 crore. The operating profit missed expectations while revenue came in above estimates. The company said steel deliveries in India rose by 11% sequentially despite a contraction in market demand, and rising prices lifted its European operations.
Entering the Chinese New Year holiday, market trading is sluggish
Trade & Pricing: Europe's billet market trend 2024-2025
