Tata Steel MD explains why he expects Q4 to be better than Q3, doesn’t rule out exiting UK

“We see the fourth quarter getting better than the third quarter for a couple of reasons. One, if you look at the third quarter numbers, while coking coal cost came down by about $90 a tonne and iron ore prices came down by about $20, our costs are showing a 31 pounds per tonne increase largely because we have taken some NRV losses on some of the stocks that we had.”