Tata Steel Ltd report about losses in the third quarter because of decrease in demand

As reports agency information agency "Reuters", the Indian Tata Steel Ltd on Monday reported about quarter losses from profit of the year prescription caused by sharp falling of the world prices for steel and decrease in demand against fears of probable economic recession. The consolidated losses of steel foundry in three months prior to December 31 made 25,02 billion Indian rupees ($302,71 million) in comparison with profit in 95,98 billion rupees year before. The total sales from operations fell to 6,1% to 570,84 billion rupees. "Fears because of recession affected prices of steel that in combination with the raised expenses on...