[Ferro-alloys.com] Citing pressure on Tata Steel's profitability in its Indian as well as European operations, credit rating agency Fitch on Apr 16th said outlook for the company remains negative.

The company's performance was weak in the first 9 months of last fiscal, with EBITDA (earnings before interest, taxes, depreciation and amortisation) margin falling to 8 per cent reflecting the challenging economic conditions, Fitch said.

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