UPDATE ON STEEL SECTOR: CHINESE STEELMAKING HUB TANGSHAN ENTERS LOCKDOWN AS COVID CASES RISE- RTRS

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#TATASTEEL
#SAIL

#TATASTEEL Q2:CONS NET PROFIT DOWN 87 % AT 1514 CR (YOY),DOWN 80 % (QOQ)

REVENUE DOWN 1 % AT 59877 CR (YOY) ,DOWN 6 % (QOQ)
EBITDA DOWN 65 % AT 5814 CR (YOY),DOWN 62 %(QOQ)
MARGINS AT 9.8 % V 27.7 % (YOY),23.6 % (QOQ)