30.05.2014 09:10:00

Tata Steel Ltd. -- Moody's: Tata Steel may face higher raw material costs due to shutdown of mines in Odisha

Singapore, May 30, 2014 -- Moody's Investors Service says that if Tata Steel Ltd's (Ba3 negative) seven mines in the Indian state of Odisha stay closed for over a year, the company's only operational crude steel making facility in India will likely face higher raw material costs and lower EBITDA levels.

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