Steel prices globally are still at 15 year low despite cost pressure: Tata Steel MD

Steel prices globally are still at 15 year low despite cost pressure: Tata Steel MD

Tata Steel announced ₹33,873 crore capex over 4 years as global steel prices hit 15-year lows ($600/tonne), with Q1 margins improving despite coking coal surges. Commodity deflation amid energy inflation pressures vendor margins, constraining capex and raising outsourcing costs impacting IT budgets.