Tata Steel (Thailand) Plc (TSTH), Thailand's largest long steel producer, aims to increase sales of high value-added products from 30% to 40% the next two years to cope with China dumping on the market.
President and chief executive Peeyush Gupta said the company expects the sales volume from high-value products for this fiscal year ending in March to exceed the 320,000 tonnes recorded in the last fiscal year. High-value products include cut-and-bend, small section and special-quality steel bars.
Over the last two years, TSTH has suffered from Chinese dumping of long-shape products, sold at 14% below the market price.
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