Tata Steel Europe will see one of best years of EBITDA: Koushik Chatterjee

The floods in South India had an impact on construction activity, as have pollution curbs in the National Capital Region, said Chatterjee

Steel prices have corrected globally, more so in China. In a conversation, Tata Steel Executive Director and Chief Financial Officer, Koushik Chatterjee, tells Ishita Ayan Dutt that fundamentals remain unchanged and Europe, where the company has a manufacturing footprint, is in a strong phase. Edited excerpts:  

International steel prices have dropped from peak levels which is impacting sentiments in the domestic market. Are steel prices running out of steam?

The fundamentals remain unchanged. Infrastructure building is driving demand in the US and Europe and that has taken finished steel to raw material spreads in some products like plates to record