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Monday, April 29, 2024

Tata sees short-term impact from conflict

Steel wire rods produced by Tata Steel Thailand (TSTH). TSTH believes the Israel-Hamas conflict could cause oil prices to fluctuate, affecting the operating costs of manufacturers.

The Israel-Hamas conflict is expected to cause a short-term negative impact for the steel industry, which is experiencing a cyclical downturn, says Tata Steel Thailand Plc (TSTH), a unit of India’s largest steelmaker.

The Russia-Ukraine war caused an surge in global crude oil prices last…

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