Tata sees short-term impact from conflictSteel 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 year, driving up energy costs among steel factories. The quantity of steel wire rods from China continues to increase in Thailand and in other Asean member states, TSTH said.

Source: Bangkok Post October 26, 2023 03:55 UTC