Bangkok: Tata Steel Thailand PCL, the Thai unit of India`s Tata Steel Group, said on Wednesday it expects to post a net loss for the fiscal year ending March 2015 due to falling steel prices and weak demand.
But improved domestic demand and better outlook for steel prices should help it flip to a profit in the next fiscal year, President and Chief Executive Rajiv Mangal told reporters.
Thailand`s domestic steel demand is expected to rise at least 5 percent in 2015, while steel prices have bottomed out and should gradually increase, he said.
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