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Tata Steel shares fall by 4%

Tata Steel didn't expect a revival in demand in its market in 2012.

Written by Agencies | New Delhi | Published: February 10, 2012 11:15:44 am

Shares in India’s Tata Steel fell 4 percent to 434 rupees in pre-open trade after the world’s No.7 steelmaker reported its first quarterly net loss in more than two years.

Tata Steel,which operates two-thirds of its global capacity of about 28 million tonnes in Europe,warned it did not expect a significant revival in demand in its core markets in 2012.

In comparison,the main 30-share BSE index was down 0.07 percent in pre-open trade.

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