TSTH confident of narrowing losses by year-end | Bangkok Post: business

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TSTH confident of narrowing losses by year-end

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  • Newspaper section: Business
  • Writer: Nop Tephaval
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Tata Steel (Thailand) or TSTH, a unit of India's biggest steelmaker, expects a better performance in the fourth quarter as the domestic steel industry returns to the status quo after temporary duties on Chinese imports. 

Peeyush Gupta, the president and chief executive, said overall TSTH predicts an increase in demand and the price of steel in the next quarter even if economic growth slows.

"Sometimes, GDP is not indicative of steel demand," he said.

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