Steel prices will take time to stabilise: Tata Steel
By Prashant R Nair | Published On: August 14, 2012 13:50 (IST) | Duration: 13 min, 47 sec
Tata Steel's Q1 results have missed quarterly profit expectations, hit by weakening demand and prices in its main European market which offset a solid performance at home. Kaushik Chatterjee, CFO, Tata Steel told NDTV Profit that the company is witnessing a fall in the raw material prices. "Steel prices will take time to stabilise. We will do some re-financing in September 2012," he added.