Tata Steel India demonstrates 20% production growth in Q1 2015

Commenting on Q1 2020 sales volumes, Tata Steel announced that global business confidence has plummeted in recent months amid wider economic weakness and uncertainty over the ongoing U.S.-China trade conflict that has negatively impacted investment decisions, spending on investment and trade flows. Consequently, steel prices have declined in many regions. This coincided with a sharp rise in iron ore prices due to supply disruptions and higher coking coal prices. As a result, market spreads for steel producers around the world were affected.

In Europe, the steel industry is facing significant obstacles in terms of economic slowdown and trade uncertainty, which affects steel-consuming products. Tata Steel Europe's production in the first half of the year was impacted by planned shutdowns and unplanned outages during the quarter. This, coupled with sluggish demand, had an impact on Q1 sales.

The resumption of trade talks between the United States and China and the recent announcement of the Union budget in India, aimed at addressing some of the liquidity problems, is expected to spur business sentiment around the world and in India. This is expected to result in improved business performance in the second half of the fiscal year.