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Industry spreads globally have shrunk in recent months: Tata Steel CFO

'Steel is a foundation industry for any nation', says Koushik Chatterjee

Tata Steel Executive Director and Chief Financial Officer Koushik Chatterjee.
Tata Steel Executive Director and Chief Financial Officer Koushik Chatterjee.

Amid a challenging macro environment, Tata Steel Executive Director and Chief Financial Officer Koushik Chatterjee tells Ishita Ayan Dutt about the company’s plan to turn around its Europe arm. Edited excerpts: What is the transformation plan to make Tata Steel Europe cash-positive? Tata Steel Europe is implementing a transformation project to become positive on operating cash flow. Several levers have been identified for structural cost takeout. Such as element-wise reduction in cost of goods sold, procurement, optimising of working capital and recalibration on ...