Ending June, the company’s revenue increased 10.3 percent on-year to more than 30 trillion VND, but its net profit dropped 12.8 percent to 3.86 trillion VND.

In the June quarter, earnings halved at Tata Steel, paced by its European business. Debt to annualised EBIDTA.

In the June quarter, earnings halved at Tata Steel, paced by its European business. Debt to annualised EBIDTA.

China's crude steel output came in at 492 million metric tons in H1 2019, up 9.9 percent year-on-year.

European trading has been quiet although there are signs that the market may be establishing a price floor after months of steady price losses.

We benefited from robust demand for our high-quality products driven by strong demand from China and constrained seaborne supply.

The government has come out with draft steel scrap policy, which is aimed at curtailing import dependency and make India self-sufficient by producing high-quality ferrous scrap.

This entity will complement our existing contractual seaborne arrangements with our first Renminbi transactions completed in June 2019.