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India: Tata Steel exports double in Q2 FY20

Tata Steel, India reported two fold increase in export volumes to 0.64 MnT in Q2 FY20 against 0.31 MnT in previous quarter. The guidance for exports for this fiscal will be around 2.4 MnT.
Although export realization was lower than domestic realization this quarter, but helped to clear inventories shared officials during conference call. Lower volumes to Automotive segment were compensated by higher exports. Other key highlights of concall were: 1. Coking coal cost expected to reduce in Q3 Company officials mentioned that coking coal price is

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