Reportedly, Indian Tata Steel expected its operating profit at European units to raise by two third in next three years as the company has been focusing on more value added products and controlling costs.

According to data, Tata Steel Europe has gained US$60/ton before interest, tax depreciation and amortization recently, said Mr. Hemant Nerurkar, the MD of the company.

Also, Mr. Nerurkar said that its unit, formerly called Corus would produce around 15 million to 16 million tons of crude steel in the fiscal year beginning on April 1st, more than 14.8 million tons in last year.

Mr. Nerurkar added that steel prices in India would remain flat in the next three months due to high raw material prices.

Meanwhile, he said that Tata Steel would import of coking coal at US$280~US$290/ton for the Q3, unchanged in comparison of that in the Q2.