Like most other steel companies, Tata Steel's operating performance has been weaker than our expectation. The company's consolidated EBITDA margin contracted to about 10.5% for the nine months ended Dec. 31, 2011, from about 14% in the same period in 2010. The decline in global steel capacity utilization, weak European operating environment, and high raw material prices caused the contraction. We believe Tata Steel's performance in the quarter ended March 31, 2012, will be better than in ...
Premium Content (PAID Subscription Required)
"TEXT-S&P summary: Tata Steel Ltd." is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.