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Bangkok Post
Bangkok Post
Business

TSTH mulls lowering Thai sales target

Thailand India Inflation
Steel wire rods produced by Tata Steel Thailand. The higher rate of inflation is affecting domestic demand for steel.

Falling demand for steel amid high inflation and weak purchasing power has led Tata Steel Thailand Plc (TSTH), a unit of India's largest steelmaker, to consider revising down its 2022 sales target.

From January to June this year, domestic steel consumption declined by 13% year-on-year to around 8.7 million tonnes, down from 10.1 million tonnes, according to TSTH.

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