BUZZ-PREVIEW-India's Tata Steel slips ahead of quarterly results

Reuters02-06
BUZZ-PREVIEW-India's <a href="https://laohu8.com/S/TATLY">Tata Steel</a> slips ahead of quarterly results

**Tata Steel TISC.NS shares fall 1% to 195.48 rupees ahead of quarterly earnings

**Steelmaker expected to report consolidated net profit of 24.34 billion rupees ($269.8 million), compared with 3.27 billion rupees a year earlier, according to LSEG data

**TISC posted its highest-ever quarterly crude steel production in India during third quarter, helped by increased output at its Jamshedpur and Kalinganagar facilities

**Co's crude steel deliveries climbed 14% to a record 6.04 million tonnes in Q3

**Jefferies says Indian steel firms expected to deliver improved volume growth in Q3, led by capacity ramp-ups

**However, steel prices stayed under pressure in Oct-Dec as supply outpaced demand, dragging down flat product prices

**CLSA expects co's domestic profitablility to fall 1,900 rupees per ton, driven by a sustained retreat in steel prices

**Stock up 8.1% YTD; Nifty Metal index .NIFTYMET up 5.84% in 2026

($1 = 90.2100 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

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