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IN - TATA Steel Europe targets higher value products - CEO

Mr Karl Ulrich Koehler CEO of TATA Steel Europe told the Financial Times that it aims to double its profit margin by concentrating output on higher value products and steel more closely tailored to customers' needs.

He added that TATA Steel Limited's European unit wants specialized products including high strength steel for vehicle bodies to make up 50% of sales in a few years, up from 20% now.

Mr Koehler said that European steel consumption, while rising this year, will still be 20% below levels in 2007.

Source: Bloomberg

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