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Nikkei Markets

Tata Steel shares plunge after surprise quarterly loss

Company's European operations continue to reel under weak demand

Amid the worst economic slowdown in almost a decade, demand for steel in India has also been damped by weak consumer sentiment.   © Reuters

MUMBAI (NewsRise) -- Shares of Tata Steel slumped after the company reported a surprise quarterly loss amid weaker demand in Europe and shrinking price of the alloy.

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