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Strengthening of steel prices to support Tata Steel's deleveraging: S&P

Sustained steel prices at these levels could lead to upward rating pressure.

Tata Group
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The India-based company has guided for average prices to increase by about Rs 6,000–7,000 per ton quarter-over-quarter in the three months ending June 2021.

Abhijit Lele Mumbai

The rating agency, Standard & Poor's, on Monday said that the continued strengthening of steel prices will support Tata Steel Ltd's (BB-/Stable/--) commitment to deleverage.