Margins will stay under pressure in Q2, H1 to be robust: Tata Steel MD
The margins of domestic steelmakers will remain under pressure in the second quarter despite a dip in input costs as they are carrying more expensive inventory that will now be liquidated, said TV Narendran, managing director, Tata Steel. While the imposition of a 15% export duty in May has hurt the steel industry, the impact on Tata Steel was not very significant as the company had low exposure to exports, he said.
