Tata Steel anticipates better margins in the current fiscal year on the back of rising steel prices, domestic volume growth and continued cost savings. The company also projects a significant increase in Indian realisations, supported in part by renewed automotive contracts. Rising raw material costs and European operational challenges could however limit the gains.
Tata Steel is counting on higher steel prices and ongoing cost reductions to strengthen margins this fiscal year. Domestic volume growth is expected to provide additional support to overall performance amid these efforts.