Tata Steel sees backward integration as key to profit
Mar 07, 2012 | 01:01 PM
| Thorsten Schier
Tags
Tata Steel,
Rajesh Sharma,
PDAC,
iron ore,
New Millenium
TORONTO — Indian steelmaker Tata Steel Ltd. sees backward integration as the key to its profit margins, and the company is making every effort to secure its own raw materials.
"Raw materials prices are the key lever in maintaining the profitability of steelmakers," Rajesh Sharma, managing director and chief executive officer of Tata Steel Minerals Canada Ltd., told participants of the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto Sunday.....
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