InvestorQ : Is Tata Steel likely to get hit by the global energy crisis?
Neelam Naik made post

Is Tata Steel likely to get hit by the global energy crisis?

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Anu Biswas answered.
3 weeks ago
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In a recent interview, the CFO of Tata Steel, Koushik Chatterjee, has clearly warned that higher energy prices in Europe could pose a serious threat to Tata Steel with respect to viability of its European operations. Energy prices have shot up including crude and coal. Steel is extremely energy intensive and Europe has faced an energy crisis in recent times. For now steel makers are passing on the cost hikes to the end customers.

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