Economy · India
Tata Steel Shifts Focus to Value-Added Products
Tata Steel is prioritizing the production of value-added steel products over expanding its overall capacity. The company aims to convert primary steel into higher-margin items like precision tubes, speciality steel wires, coated sheets, and tinplates. This strategic shift was outlined by Managing Director T.V. Narendran following the company's first-quarter earnings report. The company anticipates improved performance in the second quarter.
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- Centre (2): Business Standard, Mint